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    2015 Pennard NE Rio Rancho, NM 87144

    For Sale
    $34,500

    LAND - Rio Rancho, NM

    Lot size:
    0.28 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 12 at 11:06 pm

    Property Features for 2015 Pennard NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1012072264040
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

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

    Listing agent Rose M Varona (505) 507-3959 License #17735

    Listing date Oct 10, 2025

    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 Developing Rio Rancho

    This property presents an opportunity to build in a rapidly developing area characterized by newly constructed custom homes. The offering includes two spacious lots, packaged together for the purpose of creating a personalized residence or an investment project. The combined lot size is approximately 0.28 acres. The location provides convenient access to essential services, including medical facilities, educational centers, retail shops, and everyday amenities. Situated in Rio Rancho, New Mexico, the neighborhood's ongoing growth suggests potential for future value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.683017
    Latitude
    35.291503

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    FAQs

    What type of property is this?
    Land - Two lots for building in a growing Rio Rancho area.
    Where is this land located?
    The property is located at 2015 Pennard NE Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $34,500.
    What are key features of this property?
    This property features: - Two spacious lots offered as a package deal.; - Opportunity to build a personalized residence or investment property.; - Located in a rapidly developing area with new custom homes.
    (505) 507-3959
    Request Owner's contact information
    2015 Pennard 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
    2015 Pennard NE Rio Rancho, NM 87144
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