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    1215 Grace St NE Rio Rancho, NM 87144

    For Sale
    $95,000

    LAND - Rio Rancho, NM

    Lot size:
    0.16 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 10 at 2:06 pm

    Property Features for 1215 Grace St NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1-012-071-334-169
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Realty One of New Mexico (505) 883-9400 [email protected]

    Listing agent Shanna M Gomez (505) 866-7653 License #44931

    Listing date Oct 29, 2025

    MLS# 1093660 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

    Residential Land in Milagro Mesa

    This 0.16-acre homesite is located in the Milagro Mesa community and is ready for construction. It features perimeter walls and all utilities at the property line. The property benefits from a mature neighborhood with a well-maintained HOA and no PID. It is conveniently located close to UNM Sandoval Regional Medical Center, Rust Medical Center, Rio Rancho High School, and shopping and dining along Unser and Southern. This lot offers an ideal combination of location, convenience, and readiness for custom home builders or those planning to build themselves.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.680407
    Latitude
    35.280687

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    FAQs

    What type of property is this?
    Residential land & home lot - Homesite ready for construction in desirable Milagro Mesa community.
    Where is this residential land & home lot located?
    The property is located at 1215 Grace St NE Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Rare opportunity: One of only two remaining lots in Milagro Mesa.; - Ready for construction: Perimeter walls in place and all utilities conveniently at the property line.; - Desirable location: Close to hospitals, Rio Rancho High School, and shopping/dining.
    (505) 866-7653
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    1215 Grace St NE Rio Rancho, NM 87144
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    Rio Rancho, NM 87144
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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
    1215 Grace St NE Rio Rancho, NM 87144
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