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    117 Or L35 Rd NW Rio Rancho, NM 87124

    For Sale
    Contact for pricing

    LAND - Rio Rancho, NM

    Lot size:
    1.00 Acre
    Days on Market:
    240
    Last Refresh:
    Dec 12 at 2:06 am

    Property Features for 117 Or L35 Rd NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1008070358010
    Lot size
    1.00 Acre

    Granfors Realty, LLC (505) 821-1309 [email protected]

    Listing agent Stephanie L Granfors (505) 821-1309 License #11540

    Listing date Apr 17, 2025

    MLS# 1082172 Listing URL

    Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Growing Rio Rancho

    Two adjacent lots are available in Unit 8 of Rio Rancho. These lots are being sold together. Rio Rancho is a thriving community experiencing rapid growth. The location offers convenient access to town. Rainbow Boulevard has been recently rebuilt and upgraded. Increased density and new homes are being developed just to the south of the property. The land may be suitable to hold for a future build or investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.74972
    Latitude
    35.261296

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    FAQs

    What type of property is this?
    Land - Two adjacent lots in a rapidly developing Rio Rancho area.
    Where is this land located?
    The property is located at 117 Or L35 Rd NW Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $12,500.
    What are key features of this property?
    This property features: - Two adjacent lots offered together for $25,000.; - Located in the rapidly growing Unit 8 of Rio Rancho.; - Close proximity to town amenities.
    (505) 821-1309
    Request Owner's contact information
    117 Or L35 Rd NW Rio Rancho, NM 87124
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    Rio Rancho, NM 87124
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    Realmo Value Estimation

    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.

    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.

    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
    117 Or L35 Rd NW Rio Rancho, NM 87124
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