Property profile

9512 2nd NW St Albuquerque, NM 87114

OFF-MARKET
Auto shops
Property ID
US61-0112357
0.93 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 9.3-acre commercial land parcel, totaling 40,511 square feet, presents a remarkable development opportunity in Albuquerque's desirable North Valley submarket. Located at 9512 2nd St NW, this single-tenant property boasts a highly visible off-corner pad site with convenient right-in, right-out access along Alameda. Its strategic location offers unparalleled exposure and accessibility for a wide range of commercial ventures. The property is zoned Commercial by Bernalillo County and further enhanced by a Special Use Permit already in place for a tow yard, providing flexibility for potential uses. This vacant lot is ideal for retail establishments, including automotive businesses, banking institutions, or restaurants. The expansive acreage allows for significant development potential, catering to a variety of commercial needs. The property's size and location make it an attractive investment for developers seeking a prime location in a thriving Albuquerque neighborhood. The address is 9512 2nd St NW, Albuquerque, NM 87114, within Bernalillo County.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 0.93 ac (40,293 SF)
APN 1-016-064-256-477-2-05-22
UPID US61-0112357

Cap rate & NOI

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

Location

9512 2nd NW St Albuquerque, NM 87114
Albuquerque metro Census 3600 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

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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