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Property profile & analytics
OFF-MARKET
Land

220 Airport Dr Albuquerque, NM 87121

3.37 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.37-acre commercial and industrial land parcel, located at 220 Airport Dr NW, Albuquerque, New Mexico 87121, presents a unique investment opportunity. Zoned MX-M, this property offers significant potential for a variety of developments. The asking price is $1,800,000, translating to a land value of $19.31 per square foot. Situated in a thriving retail area, this corner lot benefits from high visibility and significant foot traffic, surrounded by established national brand retailers. The property's location within a bustling commercial hub ensures a strong customer base for any future development. The MX-M zoning permits a wide range of uses, including office, commercial, research, light industrial, distribution, showroom, processing, and institutional uses. Detailed information regarding permitted uses and development standards within the NR-BP zone district is available upon request. This includes FAQs about allowable uses, use-standards, development standards, and the approval process. The property is being offered for sale by owner. This is a rare opportunity to acquire a substantial parcel of land in a prime Albuquerque location with exceptional potential for significant return on investment. Don't miss this chance to build your vision in a high-demand area. The property is conveniently located near major transportation routes, offering easy access for both employees and customers. This is a truly exceptional opportunity for developers seeking a high-impact location for their next project.

Property profile
Verified
Property type Land
Lot 3.37 ac (146,797 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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