224 Montano Rd, Albuquerque, NM 87107
This exceptional 8,276 square foot lot at 224 Montano Road NW in Albuquerque, New Mexico, presents a unique investment opportunity. Currently featuring a four-bedroom adobe home with wood flooring, the property offers significant potential for redevelopment or repurposing. The existing structure boasts generous room sizes and security iron windows, making it suitable for a variety of commercial uses. Possible uses include office space, service businesses, a headquarters, an outpatient clinic, or a medical spa. The property's convenient location off Montano Road provides easy access and visibility. A key advantage is the inclusion of a separate apartment, offering additional rental income potential. The property benefits from recent improvements, including a new TPO roof with a warranty. The surrounding area is experiencing ongoing development, suggesting strong future growth prospects. This is a rare chance to acquire a standalone multi-use building in Albuquerque's desirable north valley. The asking price is $270,000. This property is zoned for commercial use and offers a compelling blend of existing structure and significant development potential. Don't miss this chance to capitalize on this prime Albuquerque location.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.