1701 Gold Ave Albuquerque, NM 87106
This exceptional 11,778-square-foot property presents a unique redevelopment or owner-user opportunity. Located at 1701 Gold Ave SE in Albuquerque, New Mexico, this former church sits on a one-acre lot and is zoned R-ML (Multi-family low density), allowing for diverse uses. Its strategic location directly across from the University of New Mexico provides unparalleled access to a substantial population base. The University, with over 28,000 full-time students and nearly 14,000 employees, contributes to a high daytime population of 38,924 within a one-mile radius. Proximity to major employers like UNM Hospital, Presbyterian Hospital, and Lovelace Medical Center further enhances its appeal. This Albuquerque property is situated in an Opportunity Zone, offering potential preferential tax benefits for qualified investors. The single-story building presents a blank canvas for creative repurposing, catering to a variety of potential uses given its zoning and location. This is a rare chance to acquire a significant property in a thriving, high-demand area. The property consists of one building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.