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    Rio Rancho Commercial Lot For Sale
    $30,000
    0.50 Acres

    Rio Rancho Commercial Lot For Sale

    Commercial lot in the pathway of growth in Rio Rancho.

    1621 Bedivere St NE, Rio Rancho, NM 87144
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    Land in Rio Rancho, NM
    $45,000
    0.50 Acres

    Land in Rio Rancho, NM

    Residential land with panoramic views in Rio Rancho, NM.

    405 14Th Ave SE, Rio Rancho, NM 87124
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    Rio Rancho Building Lot
    $150,000
    1.29 Acres

    Rio Rancho Building Lot

    Spacious 1.29 acre lot with easy utility access.

    1025 Picton St NE, Rio Rancho, NM 87124
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    Rio Rancho Land with Views
    Contact for pricing
    0.50 Acres

    Rio Rancho Land with Views

    Residential land with views near Cleveland Heights Subdivision.

    3928 Boccacio Rd NE, Rio Rancho, NM 87144
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    Acre Land in Rio Rancho
    Contact for pricing
    1.00 Acre

    Acre Land in Rio Rancho

    One acre of land with investment potential and great views.

    2709 Percival St NE, Rio Rancho, NM 87144
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    Land in Rio Rancho, NM
    Contact for pricing
    0.70 Acres

    Land in Rio Rancho, NM

    0.7 acre lot with unobstructed views available for purchase.

    4210 Ginger Ct NE, Rio Rancho, NM 87144
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    Commercial Land in Rio Rancho
    Contact for pricing
    0.31 Acres

    Commercial Land in Rio Rancho

    Commercial land for sale in a growing Rio Rancho area.

    608 Isabel Rd SE, Rio Rancho, NM 87124
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    Rio Rancho Acreage For Sale
    $30,000
    1.17 Acres

    Rio Rancho Acreage For Sale

    Acreage in rapidly developing area with investment potential.

    201 23Rd Ave SE, Rio Rancho, NM 87124
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    Land For Sale, Rio Rancho
    $100,000
    2.06 Acres

    Land For Sale, Rio Rancho

    2.06 acre commercial land for sale in Rio Rancho.

    1721 Northern Blvd NE, Rio Rancho, NM 87124
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    Rio Rancho Acreage Opportunity
    $30,000
    1.10 Acres

    Rio Rancho Acreage Opportunity

    Acre+ lot in rapidly developing area, investment potential.

    161 23Rd Ave SE, Rio Rancho, NM 87124
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    Land with Panoramic Views
    $40,000
    1.18 Acres

    Land with Panoramic Views

    1.18 acre land parcel with easy highway access.

    6237 Lupin Rd NE, Rio Rancho, NM 87144
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    Rio Rancho Corner Lot
    Contact for pricing
    0.50 Acres

    Rio Rancho Corner Lot

    Corner lot in Rio Rancho with mountain views.

    3424 Ouray Rd NE, Rio Rancho, NM 87144
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    Colfack Real Estate Team LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Colfack Real Estate Team LLC
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