Property profile

0 Neq Paseo Del Norte & Universe Blvd Albuquerque, NM 87114

OFF-MARKET
Land
3.08 ac lot
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Property summary

AI-generated overview

This exceptional 3.08-acre commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Strategically located at the signalized intersection of Paseo del Norte and Universe Blvd NW, this level site boasts exceptional visibility and accessibility, experiencing high daily traffic volume of approximately 39,000 vehicles. The property is situated in a thriving, high-growth area characterized by high household incomes and a strong demand for retail and service businesses. This is evidenced by the recent construction of new retail establishments in the immediate vicinity, including Dion's and Dutch Bros. The site's proximity to multiple schools further enhances its appeal, providing access to a significant student population. The property is fully serviced with all utilities readily available, making it ideally suited for immediate development. Its level topography simplifies construction, minimizing site preparation costs and expediting the development process. The Bernalillo County Assessor's Parcel Number (APN) is 101006504807330604. This prime location offers unparalleled potential for a variety of commercial uses, making it an exceptional investment opportunity in a rapidly expanding market. The address is NEQ Paseo del Norte & Universe Blvd NW, Albuquerque, NM 87114.

Property profile

Verified
Property type Land
Lot 3.08 ac (134,165 SF)

Cap rate & NOI

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

Location

Neq Paseo Del Norte & Universe Blvd Albuquerque, NM 87114
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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