Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Central Ave Albuquerque, NM 87121

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Central Ave Albuquerque, NM 87121

    View on Map
    • Land
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Central Ave

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located on Central Ave SW, this property boasts a highly desirable location within a rapidly developing area, perfectly positioned to capitalize on current and future growth. The zoning designation is SD-WC-CLI, offering considerable flexibility for a wide range of commercial ventures. The expansive lot size provides ample space for substantial development, catering to businesses requiring significant land area. The property's address is Central Ave SW, Albuquerque, NM 87121, with coordinates 35.0276902 latitude and -106.9637311 longitude. The Bernalillo County Assessor's Parcel Numbers (APN) are 1-007-056-063-295-20104 and 100705604128920103. This vacant land is ready for immediate development, making it an ideal choice for entrepreneurs and investors seeking a strategic foothold in a thriving Albuquerque market. The asking price for this significant property is $649,000. This represents a compelling opportunity to acquire a substantial land holding in a prime location with significant development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.964
    Latitude
    35.0277

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      10307 Central Ave

      Land • 10.00 Acres
      10307 Central Ave, Albuquerque, NM 87121
      View Details
    • Value Estimation by Request
      10.76 Acres

      98th St. & Sage Rd

      Land • 10.76 Acres
      98th St. & Sage Rd, Albuquerque, NM 87121
      View Details
    • Value Estimation by Request
      6.14 Acres

      3712 Tower Rd

      Land • 267,450 SF
      3712 Tower Rd, Albuquerque, NM 87121
      View Details
    • Value Estimation by Request
      3.37 Acres

      220 Airport Dr

      Land • 3.37 Acres
      220 Airport Dr, Albuquerque, NM 87121
      View Details
    • Value Estimation by Request
      25.00 Acres

      I-40 & Rio Puerco Rd

      Land • 25.00 Acres
      I-40 & Rio Puerco Rd, Albuquerque, NM 87121
      View Details
    • Value Estimation by Request
      4.79 Acres

      Sec Unser Blvd & Sage Rd

      Land • 4.79 Acres
      0 Sec Unser Blvd & Sage Rd, Albuquerque, NM 87121
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      Swc Interstate 40 & Unser Blvd, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      15.00 Acres

      Albuquerque Land Investment Opportunity

      15 acre land parcel for long-term investment in Albuquerque.
      N100 104 Rd SW, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      5.00 Acres

      Land For Sale Albuquerque

      5 acre land parcel available in Albuquerque, New Mexico.
      Pajarito N107 Rd SW, Albuquerque, NM 87121
      View Details
    • $1,000,000

      Albuquerque Land Development Opportunity

      Land suitable for multifamily, townhome, self-storage, or light industrial development.
      12815 Central Ave Land, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      5.00 Acres

      Land For Sale Albuquerque

      Land available in Albuquerque, NM for long term investment.
      N93 94Th St SW, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      5.00 Acres

      Land in Albuquerque, New Mexico

      5-acre land parcel in Albuquerque, suitable for long-term investment.
      Powers Way N112 Rd SW, Albuquerque, NM 87121
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for single tenant use.
      Sec Coors & Blake SW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Land for Lease Albuquerque

      Land available for lease in Albuquerque, New Mexico.
      SW And Unser Blvd SW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Land for Lease

      Single tenant land available for lease, 1 to 4 acres.
      Albuquerque Nm, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      Land for lease with high visibility and easy access.
      3913 Coors Blvd NW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      High-visibility land for lease with strategic location and access.
      3937 Coors Blvd NW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Paved Land with Fencing

      1.5041 AC of land with existing site improvements.
      7601 Los Volcanes Rd NW, Albuquerque, NM 87121
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Central Ave
    Albuquerque, NM 87121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Central Ave, Albuquerque, NM, 87121

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!