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113 Eubank Blvd NE Albuquerque, NM 87123

Commercial land Google Maps
1,482 SF 1.06 ac lot Built 1995
Trust Owned 10-yr Hold ~ Est. High Equity
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US61-0293260

Property summary

AI-generated overview

This exceptional 1.58-acre commercial land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located at 113 Eubank Blvd NE, 87123, this property boasts a highly desirable MX-H zoning designation, making it ideal for a variety of retail developments. The site benefits from exceptional visibility, with exposure to an average daily traffic count of 33,000 vehicles on Eubank Boulevard. Its strategic location offers unparalleled access to a substantial workforce, situated just one mile north of Sandia National Labs (over 16,500 employees) and two miles north of Kirtland Air Force Base (over 23,000 employees). Furthermore, its proximity to Interstate 40 (less than one mile south) ensures convenient access for customers and employees. The property features full access from Eubank Blvd and allows for the installation of large pylon signage, providing excellent branding opportunities for future businesses. Priced at $1,700,000, this Albuquerque retail pad site represents a compelling investment in a high-traffic, high-growth area. Don't miss this chance to secure a prime location in a thriving commercial corridor.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1995
Total area 1,482 SF
Lot 1.06 ac (46,261 SF)
APN 1-020-057-518-010-4-08-04
UPID US61-0293260

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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