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    11Th Ave Rio Rancho, NM 87124

    For Sale
    $525,334

    Prime Development Site, 2 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.01-acre development site in Rio Rancho, New Mexico, presents a unique investment opportunity. Located at the intersection of Golf Course Rd SE and 11th Ave SE, this property boasts unparalleled access and visibility. Zoned NC, it's ideally suited for office or retail development. The land is currently divided into multiple parcels, offering flexibility for various project scales. Situated adjacent to the Cabezon master-planned community, with its 11 neighborhoods and over 2,600 planned homes, this location ensures a strong residential base for any commercial venture. Furthermore, the property benefits from its proximity to Southern Blvd, Rio Rancho's main east-west artery, currently undergoing significant improvements. Utilities are readily available on Golf Course Rd SE and 29th Street SE. The strategic location, combined with the ongoing infrastructure enhancements to Southern Blvd (scheduled completion September 2019), promises exceptional growth potential and high return on investment. This is a rare chance to acquire a prime development site in a rapidly expanding area of Rio Rancho, offering significant advantages for developers seeking high-impact projects. The asking price is $525,334. The property's zip code is 87124, and it's located in Sandoval County.

    Property Features for 0 11Th Ave

    General Information

    Property type
    Land
    Lot Size
    87,556 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6771337
    Latitude
    35.2391197

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    FAQs

    What type of property is this?
    Land - Prime Development Site, 2 Acres
    Where is this land located?
    The property is located at 11Th Ave Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $525,334.
    (505) 880-7015
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    11Th Ave 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
    11Th Ave Rio Rancho, NM 87124
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