Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    ±68 Acre Mixed-Use Lifestyle Ctr Albuquerque, NM 87106
    Back to Search
    Property profile & analytics

    ±68 Acre Mixed-Use Lifestyle Ctr, Albuquerque, NM 87106

    View on Map
    • Mixed-use properties
    • 68.00 lot acres
    For Sale
    View Listing →
    Lobo Sports & Tech District Land For Sale
    Contact for pricing

    Lobo Sports & Tech District Land

    68 Acres Mixed-Use Development Land in Albuquerque, NM

    0 ±68 Acre Mixed-Use Lifestyle Ctr, Albuquerque, NM 87106
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 0 ±68 Acre Mixed-Use Lifestyle Ctr

    Lot size
    68.00 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional 68-acre mixed-use development opportunity is located in Albuquerque, New Mexico, within the vibrant Lobo Sports & Tech District. Situated on the 300+ acre University of New Mexico South Campus, this prime parcel offers unparalleled access to a thriving community. The property's strategic location benefits from proximity to major collegiate and professional sports venues, attracting over 1.3 million spectators annually. Furthermore, its adjacency to the UNM Science & Technology Park provides access to a robust workforce of over 2,000 employees in technology-oriented university and national lab R&D and startup companies. This presents a unique chance to capitalize on the synergy between sports, technology, and a dynamic urban environment. The land is designated for mixed-use development, allowing for a diverse range of possibilities, including retail, entertainment, and other commercial ventures. This development-ready site in Bernalillo County, zip code 87106, presents a compelling investment opportunity in a rapidly growing area of Albuquerque. The property's location at approximately 35.05892730710674 latitude and -106.6344069394239 longitude offers excellent visibility and accessibility. This is a rare chance to acquire a significant land parcel in a high-demand location with exceptional potential for long-term growth and return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.634
    Latitude
    35.0589

    Comparable in this City

    • Value Estimation by Request
      68.00 Acres

      Campus

      Land
      0 Campus, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      51.86 Acres

      Crick Ave

      Land
      0 Crick Ave, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      0.42 Acres

      1835 Lomas Blvd

      Land
      1835 Lomas Blvd, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      1.26 Acres

      Se & Gibson Blvd

      Land
      0 Se & Gibson Blvd, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      1.32 Acres

      1701 Randolph Ct

      Land
      1701 Randolph Ct, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      1 SF

      Se & Gibson Blvd

      Land
      0 Se & Gibson Blvd, Albuquerque, NM 87106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      68.00 Acres

      Lobo Sports & Tech District Land

      68 Acres Mixed-Use Development Land in Albuquerque, NM
      0 ±68 Acre Mixed-Use Lifestyle Ctr, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Land with Skyline Views

      Land available with views of the Albuquerque skyline.
      1701 Randolph Ct SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Nwq Yale Blvd Se & Gibson Blvd Se, Albuquerque, NM 87106

      Commercial land
      Se & Gibson Blvd Se, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Development Ready Land in Albuquerque

      Land available in Mesa del Sol's Innovation Park.
      5550 University Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Mesa del Sol Retail Pads

      Available retail pads in growing Albuquerque community.
      University Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Interstate Frontage Land Opportunity

      Land with I-25 frontage, billboard income, near future development.
      Bobby Foster Rd, Albuquerque, NM 87106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,900 SF

      Mixed-Use Retail and Restaurant Space

      Eclectic retail and restaurant spaces near the University of New Mexico.
      122 Yale Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Corner Lot with High Visibility

      Commercial land with excellent visibility and easy access to transportation.
      2020 Gibson Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Accessible Land Near Interstate I-25

      Land with accessibility to I-25, close to airport and universities.
      Se & Gibson Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      77,500 SF

      Albuquerque Warehouse Space Available

      77,500 SF warehouse space for lease in Albuquerque.
      5550 Turing Dr SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      10,000 SF

      Albuquerque Office Space For Rent

      10,000 square feet of office space available for lease.
      1720 Randolph Rd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Professional Office Building Near Airport

      Three-story office building with suites available near Kirtland Air Force Base.
      2340 Alamo Ave SE, Albuquerque, NM 87106
      View Details
    View Listing
    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.
    ±68 Acre Mixed-Use Lifestyle Ctr
    Albuquerque, NM 87106
    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
    ±68 Acre Mixed-Use Lifestyle Ctr, Albuquerque, NM, 87106
    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!