Property profile

0 Universe Blvd Albuquerque, NM 87114

OFF-MARKET
Land
6.01 ac lot
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Property summary

AI-generated overview

This exceptional 6.01-acre commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located at 0 Universe Blvd NW & McMahon, Albuquerque, NM 87114, this R-6 zoned property boasts a total area of 261,796 square feet and is priced at $4.00 to $4.50 per square foot, totaling $1,200,000. Situated in the rapidly growing Paradise West master-planned community, this site offers significant potential for various high-density developments, including assisted living facilities or apartments. Its strategic location directly across from a new Central New Mexico Community College (CNM) campus and less than three miles south of the 66-acre Presbyterian Rio Rancho Medical Center provides exceptional access to a large and growing population base. The surrounding area exhibits high traffic counts, with approximately 12,000 vehicles passing McMahon and 12,700 vehicles passing Universe daily. Seller financing may be available to qualified buyers. This is an excellent opportunity for multi-use high-density development in a thriving Albuquerque neighborhood. The property's zoning and location make it an ideal candidate for a variety of commercial projects, capitalizing on the area's strong growth trajectory and proximity to key amenities and educational institutions.

Property profile

Verified
Property type Land
Lot 6.01 ac (261,796 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 Blvd Albuquerque, NM 87114
Albuquerque metro
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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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