3620 4Th StAlbuquerque, NM 87107

Property Details for 3620 4Th St

Lot size

0.18 AC

Property type

Office buildings

APN

1-014-060-381-101-4-08-26

APU

101406038110140826

Description

This exceptional 0.638-acre commercial land parcel, totaling 27,791 square feet, presents a prime build-to-suit opportunity in Bernalillo County's North Valley submarket. Boasting 150 feet of frontage on a signalized intersection of 4th Street and Candelaria Road, this property enjoys high visibility and accessibility. The site is fully paved and fenced, and includes a pre-existing 1,500 square foot modular office building, offering immediate utility. Its MX-M zoning allows for a diverse range of commercial uses, making it ideal for fast-food restaurants (with drive-thru potential), coffee shops, optometry or dental practices, banking facilities, quick lube businesses, or other retail establishments. The property's strategic location benefits from the presence of numerous existing retailers and restaurants in the immediate vicinity. A significant apartment/retail development across the street is slated for completion by mid-2025, promising increased foot traffic and enhanced market potential. The owner is open to considering a long-term NNN ground lease or a build-to-suit arrangement, providing flexibility for prospective tenants or developers. This is a rare opportunity to secure a highly visible and versatile commercial site in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,147,930

  6.5%

  $1,059,628

  7%

  $983,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,552

  Geo Method

  $662,199

• Alternative Use

  Use

  Valuation

  Residential

  $1,313,938

  Hospitality

  $1,203,560

  Educational

  $1,001,348

  Medical

  $1,035,786

  Retail

  $1,557,653

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1194

Longitude

-106.644

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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