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    Nm-528 Rio Rancho, NM 87144

    For Sale
    Contact for pricing

    12.22 Acres, Prime Albuquerque MSA Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 12.22-acre commercial land parcel presents a compelling development opportunity in Rio Rancho, New Mexico, within the Albuquerque MSA. Situated at the hard corner of NM-528 and Corrales Road, this fee-simple property boasts a highly visible location at the junction of two major thoroughfares, experiencing a combined daily vehicle count exceeding 40,000. The SU-C1 (Special Use/Retail Commercial District) zoning allows for flexible configuration and potential subdivision, catering to diverse development plans. Its strategic positioning offers premier visibility and accessibility, benefiting from strong demographics. Within a 5-mile radius, the area showcases a population exceeding 33,000 and an average household income surpassing $117,000. The property's location is approximately 16 miles north of downtown Albuquerque, providing convenient access to the city's amenities while capitalizing on the area's robust 7.1% population growth since 2020. This high-residual value property represents a significant investment opportunity for developers seeking a prime location with exceptional visibility and strong growth potential. The APN is 1-016-070-175-383. This is a truly unique opportunity to acquire a substantial land holding in a rapidly developing area.

    Property Features for 0 Nm-528

    General Information

    Property type
    Land
    Lot Size
    532,303 SF

    HighLights

    • 12.22‑acre commercial land parcel for sale in Rio Rancho, NM, within the Albuquerque MSA.
    • SU‑C1 (Special Use/Retail Commercial District) zoning allows for flexible development options.
    • High‑visibility hard corner location at the intersection of NM‑528 and Corrales Road, offering excellent access and exposure.
    • Fee simple ownership with potential for subdivision.
    • Strong demographics, including a 7.1% population growth since 2020 and an average household income exceeding $117,000 within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.61745966659
    Latitude
    35.275285328236

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    FAQs

    What type of property is this?
    Land - 12.22 Acres, Prime Albuquerque MSA Location
    Where is this land located?
    The property is located at Nm-528 Rio Rancho, NM.
    What are key features of this property?
    This property features: 12.22-acre commercial land parcel for sale in Rio Rancho, NM, within the Albuquerque MSA.; SU-C1 (Special Use/Retail Commercial District) zoning allows for flexible development options.; High-visibility hard corner location at the intersection of NM-528 and Corrales Road, offering excellent access and exposure.
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    Nm-528 Rio Rancho, NM 87144
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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
    Nm-528 Rio Rancho, NM 87144
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