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    1505 Viga Pl SE Rio Rancho, NM 87124

    For Sale
    $88,000

    LAND - Rio Rancho, NM

    Lot size:
    0.50 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 11 at 5:06 am

    Property Features for 1505 Viga Pl SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1011068054217
    Lot size
    0.50 Acres

    Keller Williams Realty - Albuquerque (505) 271-8200 [email protected]

    Listing agent Theresa M Brito (505) 917-9615 License #54377

    Listing date Nov 13, 2025

    MLS# 1091396 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

    Half-Acre Corner Lot in Rio Rancho

    This half-acre corner lot is located in Rio Rancho. The property is mostly accessible via paved roads. Utilities are available in the street, with water access located down the street on 15th Street, which intersects with the property. The owner, an established builder, offers build-to-suit options, with some plans already in development for this lot. Alternatively, buyers can bring their own ideas to create a custom home. The property is situated in the fastest-growing area of Rio Rancho, near Rust Hospital, various eateries, shopping centers, a movie theatre, and a new market.
    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 Building Supply Clothing Store Auto Repair Shop

    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
    -106.7070189
    Latitude
    35.2379106

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    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot near amenities; build-to-suit options available.
    Where is this residential land & home lot located?
    The property is located at 1505 Viga Pl SE Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $88,000.
    What are key features of this property?
    This property features: - Large 1/2 acre corner lot with a view.; - Utilities in street; water access on 15th St.; - Located in the fastest growing area of Rio Rancho near Rust Hospital, eateries, shopping, and a movie theatre.
    (505) 917-9615
    Request Owner's contact information
    1505 Viga Pl SE 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
    1505 Viga Pl SE Rio Rancho, NM 87124
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