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    Neq Hwy 528 & Corrales Rd NE Rio Rancho, NM

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    For Sale
    $585,447

    Centrally located land parcel with development potential in Rio Rancho.

    Lot size:
    1.64 Acres

    Property Features for Neq Hwy 528 & Corrales Rd NE

    General Information

    Lot size
    1.64 Acres

    Source: NAI SunVista - Albuquerque Agent Genieve Posen

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

    Overview

    Rio Rancho Commercial Land Parcel

    This centrally located land parcel in Rio Rancho offers easy access to both Highway 528 and Corrales Road. The site is an ideal rectangular shape, maximizing development options. Utilities are available in the street. The flexible SU zoning allows for multiple office, warehouse, or contractor yard configurations. Located in an underserved market experiencing rapid growth, the site benefits from the support of a pro-development mayor and city council.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.70566666667
    Latitude
    35.203433333333

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    FAQs

    What type of property is this?
    Land - Centrally located land parcel with development potential in Rio Rancho.
    Where is this land located?
    The property is located at Neq Hwy 528 & Corrales Rd NE Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $585,447.
    What are key features of this property?
    This property features: - Centrally located in Rio Rancho with easy access to Hwy. 528 and Corrales Rd.; - Ideal rectangular-shaped parcel to maximize development options.; - Site can support multiple office/warehouse/contractor yard configurations.
    (505) 290-7413
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    Neq Hwy 528 & Corrales Rd NE Rio Rancho, NM
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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
    Neq Hwy 528 & Corrales Rd NE Rio Rancho, NM
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