0 Paseo Del Norte & Kimmick Sec & Swc Albuquerque, NM 87120
This exceptional 29-acre commercial land parcel, located at the southeast and southwest corners of Paseo Del Norte and Kimmick in Albuquerque, New Mexico (zip code 87120), presents a unique investment opportunity. Priced at $10,042,758 ($7.95/SF land value), this property is zoned MX-L and boasts complete infrastructure readiness. All utilities are connected to the site, significantly reducing development costs and timelines. A signalized intersection ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The property is further enhanced by the availability of impact fee credits and the inclusion of completed off-site improvements within the asking price. The strategic location offers convenient access to established public schools, shopping centers, and thriving residential communities, guaranteeing a strong potential for return on investment. Lot splits are permitted, providing flexibility for developers to tailor the property to their specific needs. This is a rare opportunity to acquire a fully prepared, centrally located commercial land parcel in a rapidly growing area of Albuquerque. Don't miss this chance to capitalize on the significant potential of this prime development site.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.