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    OFF-MARKET
    Commercial real estate

    224 Montano Rd, Albuquerque, NM 87107

    Property ID
    US61-0210893
    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 Commercial real estate
    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
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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