111 Glorieta St NE Albuquerque, NM 87123
For Sale
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This exceptional 0.43-acre commercial land parcel presents a remarkable opportunity for retail development in Albuquerque, New Mexico. Located at 111 Glorieta St NE, 87123, this property boasts an MX-H zoning designation, allowing for a variety of commercial uses. Its strategic location near the busiest Sandia Labs/Kirtland AFB entrance ensures high visibility and accessibility, with an estimated 27,300 cars passing daily. The site offers excellent visibility and signage opportunities along Central Avenue, including monument and suite signage options. Multiple full-access points from Central Avenue provide convenient ingress and egress. The property is surrounded by a thriving mix of established local and national fast-food restaurants and big-box retailers, creating a strong retail environment. Its proximity to I-40 (within one mile) further enhances its accessibility and appeal. This ready-for-development site is ideal for investors and developers seeking a high-traffic, high-visibility location in a rapidly growing area of Albuquerque. The property's size and zoning make it suitable for a variety of retail concepts, offering significant potential for return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.