0 Sw & Unser Blvd Albuquerque, NM 87121
This exceptional 9.33-acre parcel in Albuquerque, New Mexico, presents a remarkable opportunity for residential development. Located at the intersection of Sage Rd SW and Unser Blvd SW (zip code 87121), this property boasts a highly desirable location within an expansive growth area featuring new homes and commercial developments. The land is zoned PD, permitting single-family homes, townhomes, or duplexes. A current site plan, already approved, allows for the construction of 83 residential units, each with a minimum lot size of 2,200 square feet. Individual lot pads are sized at 1,350 square feet (25' x 54'). The asking price is $2,643,067. Conveniently situated off Unser Blvd and Sage Rd, this property benefits from nearby utilities located within the street. Furthermore, interior roads for the subdivision will be developed by the owner and maintained by the City of Albuquerque, ensuring seamless infrastructure for the future community. This is an exceptional opportunity to capitalize on Albuquerque's thriving real estate market and create a thriving residential community. The property's strategic location and approved site plan minimize development hurdles, making this an attractive investment for experienced developers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.