Technical
Financial
Distress signals
Property profile

9600 Sage Rd SW Albuquerque, NM 87121

FOR SALE
Grocery and convenience stores
Property ID
US61-0326273
41,142 SF 4.76 ac lot Built 2006
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 10.89-acre commercial land parcel, located at 9600 Sage Rd SW in Albuquerque, New Mexico, presents a unique investment opportunity. The property boasts a total buildable area of 49,397 square feet and is zoned MX-L, offering significant development potential. Situated in a highly visible location on 98th St, this site benefits from exceptional visibility and accessibility, with full access points ensuring convenient ingress and egress. The property enjoys a strategic position along a highly-traveled corridor leading to and from I-40, experiencing traffic exceeding 36,000 vehicles daily at the intersection. Its proximity to Atrisco Heritage High School further enhances its appeal. All utilities are readily available on-site. The flexible zoning allows for customized pad sizes ranging from 2,880 to 30,000 square feet, catering to a variety of development needs. The property's APN is 100905510538420307, and it's located in Bernalillo County, New Mexico, zip code 87121. This single-tenant property offers a rare chance to acquire a substantial commercial land holding in a thriving Albuquerque location. The site's high traffic count and excellent visibility make it an ideal location for a variety of commercial uses.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2006
Total area 41,142 SF
Lot 4.76 ac (207,476 SF)
APN 1-009-055-162-390-2-08-03
UPID US61-0326273

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electrical Service General Contractor
  • Bank Credit Union
  • Bank Credit Union
  • Bank Credit Union
  • Social Service Agency

Location

9600 Sage Rd SW Albuquerque, NM 87121
Albuquerque metro Census 4733 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.20M
Blend (final) Blend
$840k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $4.4M +47.5%
Commercial (general) $4.3M +44.5%
Restaurant $4.3M +43.0%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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