149 Calle Don FranciscoBernalillo, NM 87004

Property Details for 149 Calle Don Francisco

Year built

1973

Lot size

0.16 AC

Property size (Sq ft)

1,881 SF

Property type

Office buildings

APN

1-020-072-086-454

APU

1020072086454

Description

This exceptional 1,876 square foot mixed-use building presents a compelling investment opportunity in the vibrant town of Bernalillo, New Mexico. Situated on a 0.16-acre corner lot at the intersection of E. Calle Don Francisco and Railroad Road, this property boasts unparalleled accessibility. Its strategic location offers quick and easy access to I-25 and Highway 550, ensuring high visibility and convenient commutes. The building is ideally positioned just one block from the popular Range Cafe and even closer to the Rail Runner station, providing excellent exposure to a diverse clientele. The C-1 zoning designation unlocks a wide array of potential uses, catering to a broad spectrum of business ventures. Permitted uses include single-family and multi-family dwellings, accessory buildings, home occupations, boat and RV storage, retail spaces, professional and business services, churches, restaurants, daycare centers, automotive repair and service facilities, and select light manufacturing operations. This versatility makes this property an attractive prospect for both investors seeking high returns and entrepreneurs looking to establish a thriving business in a prime location. The property's size and zoning flexibility offer significant potential for future development and expansion, making it a truly unique and valuable asset in the Bernalillo market. The asking price is $281,000.

• CAP approach

  CAP return

  Valuation

  6%

  $269,401

  6.5%

  $248,678

  7%

  $230,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $160,184

  Geo Method

  $155,408

• Alternative Use

  Use

  Valuation

  Residential

  $308,361

  Hospitality

  $282,457

  Educational

  $235,001

  Medical

  $243,083

  Retail

  $365,557

Location Insight

City

Bernalillo

County

Sandoval

State

New Mexico

Latitude

35.3026

Longitude

-106.548

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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