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    2418 Southern Blvd SE Rio Rancho, NM 87124

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    For Lease
    $24 SF/Yr ($2,992 /Mo)

    Modern, renovated retail or office space with high-visibility signage.

    Property size:
    1,496 SF
    Lot size:
    0.96 Acres

    Property Features for 2418 Southern Blvd SE

    General Information

    Size
    1,496 SF
    Lot size
    0.96 Acres

    Source: BHHS - New Mexico Properties | Albuquerque Agent Christian File

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

    Overview

    Renovated Retail/Office Space Available

    This completely renovated space, suitable for boutique retail, fitness and wellness centers, medical or professional offices, food and beverage concepts, and service-based businesses, features modern exterior upgrades. A refreshed parking lot is currently underway. The landlord is willing to collaborate with tenants on improvements with TI packages available. The property benefits from high-visibility monument signage along Southern Blvd, which experiences approximately 30,000 vehicles per day. The location offers excellent frontage in a busy corridor near retail, dining, and dense residential areas. The property offers 1496 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -106.6872375
    Latitude
    35.2411392

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    FAQs

    What type of property is this?
    Retail space - Modern, renovated retail or office space with high-visibility signage.
    Where is this retail space located?
    The property is located at 2418 Southern Blvd SE Rio Rancho, NM.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Excellent frontage in a busy corridor near retail, dining, and dense residential areas.; - Monument Signage: High-visibility signage along Southern Blvd with ±30,000 VPD.; - Completely Renovated: Modern exterior upgrades and refreshed parking lot underway.
    (505) 235-8518
    Request Owner's contact information
    2418 Southern Blvd 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
    2418 Southern Blvd SE Rio Rancho, NM 87124
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