351 Yucca DrAlbuquerque, NM 87105

Property Details for 351 Yucca Dr

Year built

1962

Lot size

0.42 AC

Property size (Sq ft)

4,182 SF

Property type

Auto shops

APN

1-011-058-272-023-3-06-16

APU

101105827202330616

Description

This exceptional 4,000 square foot industrial warehouse, situated on a sizable 0.42-acre corner lot in Albuquerque, NM, presents a compelling investment opportunity. The property boasts three 14-foot drive-in doors and two 10-foot garage doors, ensuring efficient loading and unloading capabilities. Inside, you'll find a well-appointed office space, three restrooms, and valuable mezzanine storage, maximizing functionality and organization. The expansive, fenced yard provides secure outdoor storage, complemented by a convenient carport and a large paved front parking lot for ample vehicle parking. The building features a high ceiling, reaching a maximum height of 18 feet, and is equipped with 3-phase electric power for industrial applications. Heating is provided throughout the structure. The property is zoned MX-M, and interested parties are encouraged to review the allowable uses under this zoning designation for specific building code compliance. Owner financing and real estate contract options are available for qualified buyers. This property is ideally suited for a variety of industrial uses and offers a rare combination of space, accessibility, and security in a desirable Albuquerque location.

• CAP approach

  CAP return

  Valuation

  6%

  $674,114

  6.5%

  $622,259

  7%

  $577,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $374,764

  Geo Method

  $359,338

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,194,150

  Mixed-Use / Specialty

  $627,845

  Hospitality / Lodging

  $470,791

  Office

  $632,244

  Institutional / Educational

  $655,495

  Residential Income

  $766,929

  Multifamily

  $876,546

  Automotive / Energy

  $561,853

  Parking / Income-Based Land

  $186,178

  Restaurant / Food Service

  $343,204

  Healthcare / Senior Housing

  $635,840

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0881

Longitude

-106.701

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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