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Property profile & analytics
OFF-MARKET
Land

611 Coors Blvd Albuquerque, NM 87121

Property ID
Property summary
AI-generated overview

This exceptional 611 Coors Blvd NW Albuquerque, NM 87121 property presents a unique investment opportunity. Priced at $975,000, this fee simple land parcel offers significant potential for mixed-use development. Located in a high-traffic area with approximately 27,000 vehicles per day, the site benefits from its proximity to major thoroughfares like I-40 and Central Avenue (Route 66). The MX-M zoning allows for a wide range of commercial and residential uses, making it ideal for various development projects. The property's off-hard-corner location and relatively flat topography further enhance its appeal. This underserved trade area has experienced substantial recent growth, with several large parcels recently acquired by developers for new retail projects. Nearby businesses include well-known national chains such as McDonald's, Subway, and O'Reilly Auto Parts, indicating a strong existing commercial presence. The seller also owns an adjacent parcel fronting Coors Blvd, offering the potential for acquiring a larger development footprint with direct Coors Blvd access. Owner financing is available. This is a rare chance to capitalize on the burgeoning growth in this desirable Albuquerque location. The property's strategic location and flexible zoning make it an attractive investment for both commercial and residential developers.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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