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    224 Montano Rd Albuquerque, NM 87107

    • Commercial real estate
    For Sale
    View listing
    $270,000
    Value Estimation
    Location Intelligence
    Property ID
    US61-0210893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 224 Montano Rd

    Property type
    Commercial real estate

    Description

    This exceptional 8,276 square foot lot at 224 Montano Road NW in Albuquerque, New Mexico, presents a unique investment opportunity. Currently featuring a four-bedroom adobe home with wood flooring, the property offers significant potential for redevelopment or repurposing. The existing structure boasts generous room sizes and security iron windows, making it suitable for a variety of commercial uses. Possible uses include office space, service businesses, a headquarters, an outpatient clinic, or a medical spa. The property's convenient location off Montano Road provides easy access and visibility. A key advantage is the inclusion of a separate apartment, offering additional rental income potential. The property benefits from recent improvements, including a new TPO roof with a warranty. The surrounding area is experiencing ongoing development, suggesting strong future growth prospects. This is a rare chance to acquire a standalone multi-use building in Albuquerque's desirable north valley. The asking price is $270,000. This property is zoned for commercial use and offers a compelling blend of existing structure and significant development potential. Don't miss this chance to capitalize on this prime Albuquerque location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6393569
    Latitude
    35.1382548

    Comparable in this City

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      Land in Albuquerque's North Valley

      Residential lot in desirable North Valley location with utilities.
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      View Details

    Similar Nearby for Sale

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      Topgolf Pad Site: Albuquerque, NM

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    • $175,000
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      Secluded Lot Ready to Build

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    Similar Nearby for Lease

    • Contact for pricing
      64,904 SF

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      Albuquerque Retail Space: North Valley

      Prime Mixed-Use Retail Opportunity, 8,816 SF Available
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    • $20 SF/Yr
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    • $2,800 /Mo
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      Free-Standing Commercial Building For Lease

      Versatile commercial building suitable for various small business uses.
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      View Details
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    224 Montano Rd
    Albuquerque, NM 87107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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