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Residential Building Lot Over 1.6 Acres
For Sale
$95,000
Pending

1104 Vargas Rd Se, Rio Rancho, NM 87124

Oversized mostly flat residential lot with power and gas available on the street, requiring well and septic.

Property SizeContact for details
Days on Market265

Property Features for 1104 Vargas Rd Se

General Information

Standard status Pending
Property subtype Land

Site & Location

Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $942
Listing Agency: Keller Williams Realty
Listed By: The Venegas Group · License #8214994
Source: Exprealty
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Jul 18 at 2:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

Investment Insights

Based on property information with market context.

This residential building lot offers an oversized site of over 1.6 acres and is described as mostly flat. The property has power and gas on the street, and the lot will need a well and septic. The remarks also note views to the mountain and open land.

The lot is located off newly finished Westside Blvd, in an area with custom houses. The property is positioned near Presbyterian Hospital Center, Intel, a movie theater, and a high-end Market street that opened April 2025. It is also noted to fall within the Rio Rancho school district, with Joe Harries Elementary school only a few minutes away.

For residential development, this parcel’s primary site requirements noted in the remarks are on-site well and septic, with utility access provided at the street and a predominantly level terrain.

Key Highlights

  • Oversized residential lot over 1.6 acres, mostly flat
  • Power and gas available on the street
  • Lot will need a well and septic

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Law Firm Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 87124, NM

59,781
Population
23,027
Households
2.6
Avg Household Size
40
Median Age
33%
College-Educated
94%
High-School Grad
77.9 sq mi
ZIP Area
767
Density / Sq Mi
$82,278
Median Household Income
$43,353
Median Earnings
$1,380
Median Rent
$262,800
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Oversized mostly flat residential lot with power and gas available on the street, requiring well and septic.
Where is this residential land & home lot located?
The property is located at 1104 Vargas Rd Se 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: Oversized residential lot over 1.6 acres, mostly flat; Power and gas available on the street; Lot will need a well and septic
More about this property
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