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    6950B Corrales Rd Corrales, NM 87048

    Sponsored
    For Sale
    $410,000

    44,866 sq ft Ranch Land, Rio Grande Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 44,866 square foot ranch property presents a unique opportunity in the desirable Corrales, New Mexico area. Located at 6950B Corrales Road, zip code 87048, this land offers unparalleled privacy and breathtaking views, with the Rio Grande River as a natural backdrop. The absence of neighboring properties between the land and the river ensures a tranquil and secluded setting. All utilities are conveniently available on-site, simplifying development plans. The property is classified as both Farm and Ranch land, providing versatility for various uses. Its prime location in Corrales combines the serenity of rural living with easy access to the amenities of a vibrant community. The expansive lot size provides ample space for a variety of projects, from building a custom home to establishing a small farm or ranch operation. This is a rare opportunity to acquire a substantial piece of land in a highly sought-after area of New Mexico, offering both privacy and convenience. The asking price for this remarkable property is $410,000. Don't miss this chance to own a piece of Corrales' natural beauty.

    Property Features for 6950B Corrales Rd

    General Information

    Property type
    Farms

    HighLights

    • $410,000 asking price.
    • 44,866 square foot lot.
    • Located in Corrales, New Mexico.
    • Prime lot with Rio Grande views and privacy.
    • All utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Clothing Store Gym & Fitness Accounting Firm Hotel & Motel Auto Parts Store Grocery Store Garden Center Wine and Liquor Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Corrales
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5970695
    Latitude
    35.2555851

    Nearby Similar for Sale

    • $2,450,000
      26,286 SF

      Corrales Industrial Property For Sale

      Industrial property in Corrales with income potential.
      325 Academy Dr, Corrales, NM 87048
      View Details

    FAQs

    What type of property is this?
    Farm - 44,866 sq ft Ranch Land, Rio Grande Views
    Where is this farm located?
    The property is located at 6950B Corrales Rd Corrales, NM.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: $410,000 asking price.; 44,866 square foot lot.; Located in Corrales, New Mexico.
    Request Owner's contact information
    6950B Corrales Rd Corrales, NM 87048
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    Corrales, NM 87048
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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
    6950B Corrales Rd Corrales, NM 87048
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