11500 Linn AveAlbuquerque, NM 87123

For Sale
$750,000 View listing
  • Auto shops
  • 6,000 SF

Property Details for 11500 Linn Ave

Year built
1986
Lot size
0.52 AC
Property size (Sq ft)
6,000 SF
Property type
Auto shops
APN
1-021-056-392-488-1-09-26
APU
102105639248810926

Description

This exceptional Albuquerque property, located at 11500 Linn Ave NE, offers 6,000 square feet of versatile industrial space, ideal for automotive or flex uses. The property consists of four buildings situated on four separate parcels, totaling 0.5 acres. Each building boasts impressive features including 15'-18' pitched ceilings, 14' pull-through doors (multiple), and 3-phase power. Additional amenities include a paint booth (available), automotive lifts, and a gated yard. The property benefits from high visibility, with 100' of frontage on Central Ave (Route 66), and a monument sign. The zoning is MX-H SE Heights Sub-Market, and the property is conveniently located just half a mile from I-40, providing easy access to major transportation routes. The buildings are heated, cooled, and insulated, offering a comfortable and efficient workspace. Five utility services are available. This vacant property presents a unique opportunity for businesses seeking a robust and scalable operation in a prime Albuquerque location. The asking price is $750,000, with a price per square foot of $125.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,274,602
    6.5%
    $1,176,555
    7%
    $1,092,516
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,302,844
    Geo Method
    $1,249,214
  • Alternative Use

    Use
    Valuation
    Residential
    $992,468
    Hospitality
    $909,096
    Educational
    $756,357
    Medical
    $782,369
    Retail
    $1,176,555
11500 Linn Ave, Albuquerque, New Mexico

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0713
Longitude
-106.52
CBSA code
10740
CBSA name
ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,502
$43,305
$50,535
$93,840
-
$129,928
$151,619
$281,547

FAQs

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