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    824 Elk Rd NE Rio Rancho, NM 87144

    Sponsored
    For Sale
    $50,000

    LAND - Rio Rancho, NM

    Lot size:
    1.22 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 7 at 5:06 am

    Property Features for 824 Elk Rd NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1010071224178
    Lot size
    1.22 Acres

    Coldwell Banker Legacy (505) 857-2328 [email protected]

    Listing agent Stephen C Herkenhoff (505) 892-1000 License #35514

    Listing date Jan 2, 2026

    MLS# 1075842 Listing URL

    Copyright © 2026 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

    Rio Rancho 1.22-Acre Lot

    This 1.22-acre lot is located in Rio Rancho. The property is directly across from an existing subdivision and is four lots from city water access. The lot offers views of the Sandia Mountains to the east, providing sunrises with the mountains as a backdrop. The property offers an opportunity to build a home in a scenic setting with access to local amenities and the growing Rio Rancho area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Spa & Massage Clothing Store Building Supply Auto Repair Shop Kitchen & Bath Wholesale Shop HVAC Service Food Market Grocery Store

    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
    -106.719389
    Latitude
    35.280476

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    FAQs

    What type of property is this?
    Land - 1.22-acre lot in Rio Rancho with mountain views.
    Where is this land located?
    The property is located at 824 Elk Rd NE Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - 1.22-acre lot; - Directly across from an existing subdivision; - Expansive backyard views of the Sandia Mountains
    (505) 263-4566
    Request Owner's contact information
    824 Elk Rd NE 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
    824 Elk Rd NE Rio Rancho, NM 87144
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