12815 Central AveAlbuquerque, NM 87123

Property Details for 12815 Central Ave

Year built

1998

Lot size

0.85 AC

Property size (Sq ft)

10,450 SF

Property type

Retail space

APN

1-022-056-258-442-1-07-38

APU

102205625844210738

Description

This exceptional Albuquerque, NM property presents a compelling investment opportunity. Located at 12815 Central Ave NE, this free-standing, single-story warehouse boasts 10,450 square feet of clear-span space, ideal for a variety of uses. The building features ceiling heights ranging from 12 to 19 feet and sits on a generous 3.85-acre lot, offering significant expansion potential. The property includes a new electronic gate and a prominent pylon sign facing Central Avenue, which has a daily traffic volume of 20,065 vehicles. Its convenient location provides easy access to I-40, enhancing its appeal to businesses. Zoned MX-H, this property is suitable for cannabis retail and cultivation. The surrounding area shows positive projected population and income growth, making this a strong investment prospect. The property is currently vacant, presenting an owner-user opportunity or a chance to lease to a suitable tenant. This prime Albuquerque real estate is ready for its next chapter. The estimated 2023 household income in the area is $80,186, with positive projected annual growth through 2028. The property's proximity to Apache Elementary School further enhances its desirability. Two full access points add to the property's functionality and convenience.

• CAP approach

  CAP return

  Valuation

  6%

  $2,219,932

  6.5%

  $2,049,168

  7%

  $1,902,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,269,121

  Geo Method

  $2,175,715

• Alternative Use

  Use

  Valuation

  Residential

  $1,728,550

  Hospitality

  $1,583,342

  Educational

  $1,317,322

  Medical

  $1,362,627

  Retail

  $2,049,168

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0695

Longitude

-106.507

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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