3401 Comanche RdAlbuquerque, NM 87107

Property Details for 3401 Comanche Rd

Year built

1963

Lot size

0.29 AC

Property size (Sq ft)

2,749 SF

Property type

Office buildings

APN

1-016-060-468-275-1-03-01

APU

101606046827510301

Description

This 12,606 sq ft lot in Albuquerque, NM (87107), houses a 2,738 sq ft vacant, one-story office building, previously a dental clinic. The property boasts eight parking spaces and is zoned MX-T, allowing for diverse uses. Priced at $250,000 ($19.83/sq ft), this presents a significant opportunity for investors. The spacious lot offers ample room for expansion or redevelopment. Conveniently located at 3401 Comanche Rd NE, this property benefits from its versatile zoning and prime location within a thriving community. Inspection dates are available: August 20th, 27th, and September 4th, from noon to 2 PM. The property will be auctioned on September 10th, 2024. A previous valuation exceeded the asking price. This is a rare opportunity to acquire a valuable asset in Albuquerque's competitive real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $393,720

  6.5%

  $363,433

  7%

  $337,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $234,103

  Geo Method

  $227,122

• Alternative Use

  Use

  Valuation

  Residential

  $450,657

  Hospitality

  $412,800

  Educational

  $343,445

  Medical

  $355,256

  Retail

  $534,247

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.124

Longitude

-106.606

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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