Half-Acre Lot in Rio
For Sale
$70,000
408 Rainbow Boulevard SE, Rio Rancho, NM 87124
Land, Rio Rancho, NM
Property SizeContact for details
Lot Size0.50 Acres
Days on Market106
Property Features for 408 Rainbow Boulevard SE
General Information
Property type
Land
Property subtype
Other
Zoning description
R-1
Subdivision
Rio Rancho Estates
Elementary school
Rio Rancho
Middle school
Rio Rancho Mid High
High school
Rio Rancho
Directions
From Southern and Unser go West on Southern to Rainbow turn Right towards Inca and Rainbow. Lots on the right of Rainbow
Standard status
Active
APN
1009069240151
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
258
Listing Agency:
Realty One of New Mexico
(505) 883-9400
Listed By:
Rose M Varona · License #17735
(505) 507-3959
Added: May 9
Changed: Aug 19
Last Checked: Aug 22 at 12:06PM
MLS# 1103863
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.5-acre lot is located in a rapidly developing area. Custom homes are being built nearby. A paved road provides access to the property, and utilities are located close to the lot. The property is suitable for building or investment.
Key Highlights
- Half‑acre lot in a rapidly developing area.
- Adjacent lot also available, offering a rare opportunity to secure side‑by‑side parcels.
- Utilities are close, simplifying future development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 0.5-acre lot in a growing area with utilities nearby.
Where is this residential land & home lot located?
The property is located at 408 Rainbow Boulevard SE Rio Rancho, NM.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Half‑acre lot in a rapidly developing area.; Adjacent lot also available, offering a rare opportunity to secure side‑by‑side parcels.; Utilities are close, simplifying future development.
