0 Sage Rd Albuquerque, NM 87121
This exceptional 4.96-acre parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located in Bernalillo County, zip code 87121, the property is zoned A-1 Rural Agricultural, offering flexibility for future development. The asking price is $375,000, translating to approximately $75,605 per acre. Situated near paved roads (San Ignacio Road and Sage Road), this land boasts convenient access to existing utilities. The property's strategic location makes it ideal for single-family residential development, though a rezoning process would be required to achieve higher density. Its attractive features include its status as a nice infill parcel and its adjacency to a Bernalillo County parcel zoned R-1, suggesting potential for future development synergy. Previously, this area was depicted in the City of Albuquerque Tower-unser Plan as Rd/R-1 under recommended zoning. This land offers significant potential for investors seeking a promising Albuquerque location with residential development possibilities. Detailed information regarding rezoning requirements and potential development scenarios is available upon request. The property's location offers a blend of rural tranquility and convenient access to urban amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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