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Property profile & analytics
OFF-MARKET
Land

0 Vis Vieja Ave Albuquerque, NM 87120

6.7 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.7-acre parcel presents a remarkable opportunity for multifamily development in Albuquerque, New Mexico. Located on Vista Vieja Ave NW in Bernalillo County, zip code 87120, this property boasts a highly desirable R-A zoning designation, permitting a variety of residential and commercial uses. The land is ideally situated adjacent to a thriving new residential development, ensuring immediate access to a growing community. Infrastructure is already in place, with utilities conveniently located in the street, along with existing streets and sidewalks. This significantly reduces development costs and timelines. Furthermore, the property's proximity to established pedestrian and bike trails enhances its appeal and adds to the overall desirability of the location. The asking price for this prime development land is $700,000. Given its size, zoning, location, and existing infrastructure, this property represents a compelling investment opportunity with significant potential for future growth and return. The coordinates are 35.1599777 latitude and -106.7432586 longitude. This is a rare chance to acquire a substantial tract of land in a rapidly developing area of Albuquerque.

Property profile
Verified
Property type Land
Lot 6.7 ac (291,852 SF)
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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