Property profile

0 Universe And Rainbow Albuquerque, NM 87120

OFF-MARKET
Retail properties & Spaces
23,958 SF 10.61 ac lot
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Property summary

AI-generated overview

This exceptional commercial property, located at the highly visible intersection of Universe and Rainbow in Albuquerque, New Mexico, presents a rare development opportunity. The 10.61-acre lot boasts a permitted MX-L, Low Intensity zoning designation, offering significant flexibility for a variety of commercial uses. With a total square footage ranging from 23,958 to a substantial 1,902,700, this site caters to projects of diverse scales. The property's strategic location within a rapidly expanding residential area ensures high visibility and strong potential for customer traffic. All utilities are conveniently in place, simplifying the development process and minimizing upfront costs. The fully signalized intersection further enhances accessibility and visibility, making this an ideal location for retail establishments, commercial buildings, or mixed-use developments. The APN is 100906348131011301, and the property is situated in Bernalillo County, New Mexico, zip code 87120. This unique offering represents a compelling investment prospect in a thriving Albuquerque market. Don't miss this chance to secure a prime commercial site in a high-growth area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 23,958 SF
Lot 10.61 ac (462,172 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Universe And Rainbow Albuquerque, NM 87120
Albuquerque metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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