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Property profile

2820 Pura Vida Way Albuquerque, NM 87121

OFF-MARKET
Land
3.76 ac lot
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Property summary

AI-generated overview

This exceptional 3.76-acre commercial land parcel in Albuquerque, New Mexico, presents a unique development opportunity. Located at 2820 Pura Vida Way, this property boasts approved special use zoning (A-1 & C-N w SUP) from Bernalillo County for an RV and boat storage facility. The site's prime location on Coors Blvd ensures high visibility, with over 20,000 vehicles passing daily in 2022. The high demand is underscored by over 35,000 occupied residential units within a 3-mile radius, many in newer subdivisions that prohibit on-site RV/boat storage. This translates to significant investment potential, capitalizing on the growing popularity of recreational vehicles and boating. The property is offered fee simple with an APN of 1-011-055-039323-2-01-02 and is priced at $596,000. Easy access to major highways and transportation routes further enhances its appeal. This is a ready-to-develop site poised to meet the needs of a growing community and deliver a strong return on investment. Don't miss this chance to acquire this approved project site.

Property profile

Verified
Property type Land
Lot 3.76 ac (163,786 SF)

Cap rate & NOI

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

Location

2820 Pura Vida Way Albuquerque, NM 87121
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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