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    1141 Commercial Dr SE Rio Rancho, NM 87124

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    For Lease
    $38 SF/Yr ($4,750 /Mo)

    Shell space ideal for retail, restaurant, office, or medical uses.

    Property size:
    1,500 SF
    Lot size:
    0.29 Acres

    Property Features for 1141 Commercial Dr SE

    General Information

    Size
    1,500 SF
    Lot size
    0.29 Acres

    Source: Colliers | Albuquerque Agent Ben Perich

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

    Overview

    Retail/Office/Restaurant Space Available

    This property, with grey shell delivery expected in June 2026, is suitable for retail, restaurant, office, or medical purposes. The location benefits from traffic counts exceeding 38,000 vehicles per day. It is situated down the street from the Cabezon Master-planned Community, which features over 2,600 existing homes. The property is also in close proximity to Presbyterian Rust Medical Center, the largest medical facility in Rio Rancho and Sandoval County. Furthermore, it is near Los Diamantes, a master-planned community planned for 450 new homes, a 70-acre business park, and an elementary school. The property offers 1,500 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -106.6977509
    Latitude
    35.2386503

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    FAQs

    What type of property is this?
    Retail space - Shell space ideal for retail, restaurant, office, or medical uses.
    Where is this retail space located?
    The property is located at 1141 Commercial Dr SE Rio Rancho, NM.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: - High traffic counts in excess of 38,000 VPD; - Grey shell delivery in June 2026; - Close proximity to Presbyterian Rust Medical Center
    (505) 507-1678
    Request Owner's contact information
    1141 Commercial Dr SE 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
    1141 Commercial Dr SE Rio Rancho, NM 87124
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