2001 Candelaria RdAlbuquerque, NM 87107

Property Details for 2001 Candelaria Rd

Year built

1981

Lot size

1.20 AC

Property size (Sq ft)

18,810 SF

Property type

Hotels

Property subtype

Motels

APN

1-015-059-501-469-1-06-01

APU

101505950146910601

Description

This exceptional Albuquerque commercial property offers 3.226± acres of prime industrial land for lease or build-to-suit opportunities. Strategically located on the northeast corner of Candelaria Rd NE and University Blvd NE in the North I-25 submarket of Bernalillo County, this property boasts high visibility with approximately 17,000 cars daily on Candelaria Rd NE and 220,412 cars daily on I-25. The site is comprised of three parcels, individually sized at 1.135± acres, 1.491± acres, and 0.6± acres, allowing for flexibility in leasing arrangements. Leasing options include the entire 3.226± acres or individual parcels. The property is zoned NR-LM and benefits from direct I-25 frontage. This location provides unparalleled exposure and accessibility, making it ideal for businesses seeking a high-traffic, strategic location. Future purchase options may be available. The property's address is 2001 Candelaria Rd NE, Albuquerque, NM 87107.

• CAP approach

  CAP return

  Valuation

  6%

  $3,087,510

  6.5%

  $2,850,010

  7%

  $2,646,437

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,808,871

  Geo Method

  $3,652,093

• Alternative Use

  Use

  Valuation

  Residential

  $3,111,382

  Hospitality

  $2,850,010

  Educational

  $2,371,174

  Medical

  $2,452,723

  Retail

  $3,688,494

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1148

Longitude

-106.623

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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