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Property profile & analytics
OFF-MARKET Estimated value $1,645,000
Office buildings

2000 Zearing NW Ave Albuquerque, NM 87104-2045

7,547 SF 0.92 ac lot Built 2010
Individually Owned Free & Clear
Property ID
US61-0298965
Property summary
AI-generated overview

This exceptional 1.38-acre commercial land parcel presents a unique development opportunity in Albuquerque's vibrant Sawmill District. Located at 2000 Zearing Ave NW, this level lot boasts full municipal utility access, ensuring seamless infrastructure integration for any project. The NR-LM zoning designation permits a wide array of commercial and retail uses, providing significant flexibility for developers. Its strategic location offers unparalleled access to the bustling Sawmill Market, a popular destination for locals and tourists alike. Furthermore, the property enjoys convenient proximity to the renowned Hotel Chaco and the historic charm of Old Town Albuquerque, providing exceptional visibility and attracting a diverse clientele. This prime location within a thriving entertainment and tourist district makes it an ideal site for a variety of commercial ventures, promising strong returns on investment. The property is ready for immediate development, offering a rare chance to capitalize on the area's continued growth and high demand for commercial space. The site's flat topography simplifies construction, minimizing potential site preparation costs and accelerating project timelines. This is an exceptional opportunity to acquire a highly desirable commercial property in a prime Albuquerque location.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2010
Total area 7,547 SF
Lot 0.92 ac (40,075 SF)
APN 1-013-059-231-007-3-03-06
UPID US61-0298965
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
Current use
Occupant on record · Public records
  • DreamSpring Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.65M
Comparable Approach Comparable
$1.64M
Blend (final) Blend
$1.65M
Owner & transaction history
ACCION NEW MEXICO
ACCION NEW MEXICO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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