Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 Nm-528 Rio Rancho, NM

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,722 SF medical office in Rio Rancho, NM.

    Property size:
    3,722 SF
    Lot size:
    2.24 Acres

    Property Features for 111 Nm-528

    General Information

    Size
    3,722 SF
    Lot size
    2.24 Acres

    We can help!

    Listing Contact
    Terrie Hertweck Ccim
    Terrie Hertweck Ccim
    Source: Moodyscre

    Listing Agency: Colliers | Albuquerque Listing Agent: Terrie Hertweck Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Space Available

    This is a 3,722 square foot medical office space designed for privacy, featuring no exterior windows beyond the reception area. The layout includes 8 exam rooms, a reception area, triage and nurses’ stations, an executive office, and a server room, along with ample storage space. There are 4 restrooms and 3 new HVAC units. The property is located at a signalized hard corner on New Mexico Highway 528. It is the last available suite in a high-visibility shopping center anchored by Starbucks, with signage available along NM-528.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Sunrise Veterinary Clinic LLC, Mc Call Jean DVM, Sunrise Veterinary Clinic: Abernathy George DVM, Welch M a DVM

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.70566666667
    Latitude
    35.203433333333

    Nearby Similar for Lease

    • Contact for pricing
      129,237 SF

      Rio Rancho Office Space

      Office building with 129,237 square feet available for rent.
      2351 Hp Way, Rio Rancho, NM 87144
      View Details
    • Contact for pricing
      1,496 SF

      Renovated Retail/Office Space Available

      Modern, renovated retail or office space with high-visibility signage.
      2418 Southern Blvd SE, Rio Rancho, NM 87124
      View Details
    • $22 SF/Yr
      1,140 SF

      Retail Space Near Albertsons

      Retail space available for lease, adjacent to Albertsons.
      4300 Ridgecrest Dr SE, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Unser Gateway

      Retail space for lease in high-demand area.
      2055 Trebor Way SE, Rio Rancho, NM
      View Details
    • Contact for pricing
      2,434 SF

      Retail Space in Unser Gateway

      Retail space for lease in high-demand area near residential growth.
      2100 Unser Blvd SE, Rio Rancho, NM 87120
      View Details
    • Contact for pricing
      1,500 SF

      Retail/Office/Restaurant Space Available

      Shell space ideal for retail, restaurant, office, or medical uses.
      1141 Commercial Dr SE, Rio Rancho, NM 87124
      View Details
    • $1,500 /Mo
      1,204 SF

      Rio Rancho Industrial Space Available

      Industrial spaces for lease with versatile business potential.
      1542 Stephanie Rd SE, Rio Rancho, NM 87124
      View Details
    • $11 SF/Yr
      15,000 SF

      Bernalillo Flex Space For Lease

      Flex space available for lease with highway access.
      1180 Exchange, Rio Rancho, NM
      View Details
    • $30 SF/Yr
      2,880 SF

      Retail Space Near Walmart

      Retail space with high visibility near a busy intersection.
      1101 Rio Rancho Dr SE, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      1,425 SF

      Versatile Flex Space Available

      Ground level office and flex space with functional layout.
      4311 Sara Rd, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      2,139 SF

      New Retail Space Available

      New construction retail space in a high-traffic area.
      Swq Unser Blvd & Wellspring Ave SE, Rio Rancho, NM
      View Details
    • $11 SF/Yr
      95,070 SF

      Rio Rancho Industrial Manufacturing Space

      95,070 SF Manufacturing/Warehouse in Rio Rancho, NM
      510 Laser Rd, Rio Rancho, NM 87124
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 3,722 SF medical office in Rio Rancho, NM.
    Where is this medical office space located?
    The property is located at 111 Nm-528 Rio Rancho, NM.
    What are key features of this property?
    This property features: - ±3,722 SF medical office designed for privacy; - Located at signalized hard corner on NM Hwy 528 in a high visibility, Starbucks anchored shopping center; - Features 8 exam rooms, reception, triage & nurses’ stations
    (505) 228-8818 Call to check price and availability
    Request Owner's contact information
    111 Nm-528 Rio Rancho, NM
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 Nm-528
    Rio Rancho, NM
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    111 Nm-528 Rio Rancho, NM
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Terrie Hertweck Ccim
    Terrie Hertweck Ccim
    Real Estate License ID: 13730
    (505) 228-8818 (505) 880-7022 (505) 883-7676
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!