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OFF-MARKET
Land

12141 Nm State 14 Cedar Crest, NM 87008

Property ID
Property summary
AI-generated overview

This exceptional 692,604 square foot property, located at 12141 NM State 14 in Cedar Crest, New Mexico, presents a unique investment opportunity. The land is strategically situated on NM 14, offering excellent visibility and accessibility. The property boasts a dual zoning configuration: approximately 6.249 acres are zoned C-1, providing commercial development potential, while an additional approximately 9.647 acres are zoned A-2, offering flexibility for various uses. A test well was previously drilled and cased on the property, a significant advantage for potential development. The seller is open to considering partial exchanges as part of the transaction. Short-term private financing may be available for qualified buyers. Furthermore, there is potential for the C-1 and A-2 zoned tracts to be sold separately, providing added flexibility for interested parties. The asking price has been adjusted to reflect current market conditions. This property represents a compelling opportunity for investors seeking a versatile industrial land parcel in a desirable New Mexico location. The zip code is 87008, and the property is situated in Bernalillo County.

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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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