Property profile

1701 Randolph Ct Albuquerque, NM 87106

OFF-MARKET
Land
1.32 ac lot
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Property summary

AI-generated overview

This exceptional 1.32-acre commercial land parcel, located at 1701 Randolph Ct SE in Albuquerque, New Mexico, presents a unique build-to-suit opportunity. Priced at $400,000, this vacant lot boasts stunning views of the Albuquerque skyline and is situated in a highly desirable Opportunity Zone. The property's zoning designation is NR-BP, allowing for a variety of potential uses including office space, industrial facilities, charter schools, veterinary services, and fitness centers. Its strategic location offers easy access to major transportation arteries such as I-25, Kirkland Airport Base, and Sunport International Airport, as well as the University of New Mexico. Existing improvements are on the site. The seller is open to exploring ground lease and/or partnership options. This is an exceptional investment opportunity for developers seeking a prime location with significant potential for growth and return. The property's 87106 zip code and convenient access to key infrastructure make it an ideal location for a wide range of commercial ventures. Don't miss this chance to acquire a valuable asset in a thriving Albuquerque market.

Property profile

Verified
Property type Land
Lot 1.32 ac (57,499 SF)

Cap rate & NOI

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

Location

1701 Randolph Ct Albuquerque, NM 87106
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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