Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    528 & Venada Plz Dr Bernalillo, NM 87004

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    528 & Venada Plz Dr Bernalillo, NM 87004

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 528 & Venada Plz Dr

    Property type
    Land

    Description

    This exceptional land parcel, located at the intersection of NEQ Highway 528 and Venada Plaza Drive in Bernalillo, New Mexico, presents a unique investment opportunity. The property offers a flexible range of acreage options, from approximately 1.1 to 18.66 acres, providing ample space for a variety of development projects. Its strategic location along Highway 528, a high-traffic thoroughfare with over 27,000 vehicles daily, ensures excellent visibility and accessibility. The site benefits from its proximity to major retailers such as Walmart, Albertson's, TJ Maxx, Ross, and Michael's, creating a vibrant commercial environment. Paved access and readily available utilities simplify development. The area boasts a high-growth trajectory and a strong daytime workforce, making it an attractive location for residential development. Stunning views of the Sandia Mountains add to the property's appeal. The site's suitability for multi-family, senior living, independent living, or skilled nursing facilities is further enhanced by its convenient walking distance to essential amenities including grocery stores, restaurants, financial institutions, and entertainment options. The potential for a joint venture adds another layer of opportunity. This property is zoned for residential use and offers a compelling combination of location, size, and potential. The 87004 zip code provides easy access to the greater Albuquerque area. This is a rare chance to acquire a significant land holding in a thriving New Mexico community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bernalillo
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.576
    Latitude
    35.3168

    Comparable in this City

    • Value Estimation by Request
      66.00 Acres

      Hwy 528 & Idalia Rd

      Land • 66.00 Acres
      0 Hwy 528 & Idalia Rd, Rio Rancho, NM 87004
      View Details
    • Value Estimation by Request
      18.66 Acres

      528 & Venada Plz Dr

      Land • 18.66 Acres
      528 & Venada Plz Dr, Bernalillo, NM 87004
      View Details
    • Value Estimation by Request
      13.87 Acres

      528 & Nm 550

      Land • 13.87 Acres
      528 & Nm 550, Bernalillo, NM 87004
      View Details
    • Value Estimation by Request

      528 & Venada Plz Dr

      Land
      528 & Venada Plz Dr, Bernalillo, NM 87004
      View Details
    • Value Estimation by Request
      1.33 Acres

      I-25 550

      Land • 1.33 Acres
      I-25 550, Rio Rancho, NM 87004
      View Details
    • Value Estimation by Request
      24.00 Acres

      528 Seq Hwy 550 & Hwy

      Land • 24.00 Acres
      528 Seq Hwy 550 & Hwy, Bernalillo, NM 87004
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Tracts Available For Sale

      Multiple land tracts available for sale near I-25.
      I-25 S 550, Bernalillo, NM 87004
      View Details
    • Contact for pricing

      Calle Cielo Vista Land For Sale

      Commercial land with C-1 zoning and billboard included.
      1337 Calle Cielo Vis, Bernalillo, NM 87004
      View Details
    • $5,250,000

      Bernalillo Land Investment Opportunity

      26 acres with high visibility and development potential.
      I-25 Frontage Rd, Bernalillo, NM 87004
      View Details
    • $190,000
      0.75 Acres

      Land in El Llanito, NM

      Land with fertile soil, close to amenities and Santa Fe.
      313 Nm, Bernalillo, NM 87004
      View Details
    • Contact for pricing

      Land Available on Highway 528

      Land parcels available in high-growth area near national retailers.
      528 & Venada Plz Dr, Bernalillo, NM 87004
      View Details
    • $1,359,900
      6.49 Acres

      Bernalillo Adobe Property with Commercial Zoning

      6.49 acres with commercial zoning and endless potential.
      127 S Camino Del Pueblo, Bernalillo, NM 87004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Rio Rancho Industrial Land Opportunity

      Prime Sandoval County land, ideal for retail or industrial development.
      0 Nm-528, Rio Rancho, NM 87004
      View Details
    • Contact for pricing

      Highway 528 Commercial Land Available

      Land for lease on Highway 528 near Walmart.
      528 & Venada Plz Dr, Bernalillo, NM 87004
      View Details
    • Contact for pricing

      Premium Pad Sites For Lease

      Premium pad sites available in mixed-use masterplan.
      Seq Hwy 550 & Hwy 528, Santa Ana Pue, NM 87004
      View Details
    • Contact for pricing

      High-Traffic Commercial Land Available

      Land with excellent visibility and high traffic counts for rent.
      Us-550, Rio Rancho, NM 87004
      View Details
    • Contact for pricing
      5,026 SF

      Bernalillo Commercial Space Available

      5026 sqft commercial space for rent in Bernalillo, NM.
      980 Highway 550, Bernalillo, NM 87004
      View Details
    • Contact for pricing
      1,185 SF

      Retail/Medical Space in Bernalillo

      Retail or medical space in a boutique retail destination.
      200 S Camino Del Pueblo E, Bernalillo, NM 87004
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    528 & Venada Plz Dr
    Bernalillo, NM 87004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!