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Property profile & analytics
FOR SALE
Commercial land

111 Glorieta St NE Albuquerque, NM 87123

0.43 ac lot
Individually Owned 3-yr Hold Free & Clear
Property ID
US61-0913978
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.43 ac (18,731 SF)
APN 1-020-056-495-012-1-18-02
UPID US61-0913978
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bruno Bornino · 3 yrs held
Bruno Bornino
since 2022
2 recorded transactions
2025
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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