Property profile

224 Montano Rd Albuquerque, NM 87107

OFF-MARKET
Retail properties & Spaces
Property ID
US61-0210893
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
UPID US61-0210893

Cap rate & NOI

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

Location

224 Montano Rd Albuquerque, NM 87107
Albuquerque metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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