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    Nwc Hwy 528 & Northern Blvd Rio Rancho, NM 87144

    For Sale
    $1,590,463

    Prime Commercial/Residential Land, Rio Rancho

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.282-acre parcel is situated at the highly visible northwest corner of Highway 528 (Rio Rancho Boulevard) and Northern Boulevard in Rio Rancho, New Mexico. The property boasts a hard-corner location at a signalized intersection, providing unparalleled exposure to significant traffic volumes. Highway 528 sees an average daily traffic count of 24,600 vehicles, while Northern Boulevard averages 8,000. This strategic location offers substantial advantages for commercial development, with the added benefit of being zoned SU, allowing for a mix of residential and commercial uses. The asking price is $1,590,463, translating to $16 per square foot. The land's value is further enhanced by the projected growth in the area, with over 1,000 new residential units planned within a five-year timeframe in close proximity to the site. This presents a unique opportunity to capitalize on the burgeoning residential and commercial development in this rapidly expanding Rio Rancho neighborhood. The property's address is NWC Hwy 528 & Northern Blvd, Corrales, NM 87144, in Sandoval County.

    Property Features for 0 Nwc Hwy 528 & Northern Blvd

    General Information

    Property type
    Land
    Lot Size
    99,404 SF

    HighLights

    • High‑visibility location at the Northwest corner of Hwy 528 and Northern Blvd.
    • Hard corner lot at a signalized intersection with excellent frontage on two major roadways.
    • High traffic counts: 24,600 vehicles daily on Hwy 528 and 8,000 vehicles daily on Northern Blvd.
    • Strong future growth potential with over 1,000 new residential units planned within a short distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.7470536
    Latitude
    35.364473

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land, Rio Rancho
    Where is this land located?
    The property is located at Nwc Hwy 528 & Northern Blvd Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $1,590,463.
    What are key features of this property?
    This property features: High-visibility location at the Northwest corner of Hwy 528 and Northern Blvd.; Hard corner lot at a signalized intersection with excellent frontage on two major roadways.; High traffic counts: 24,600 vehicles daily on Hwy 528 and 8,000 vehicles daily on Northern Blvd.
    (505) 238-7707
    Request Owner's contact information
    Nwc Hwy 528 & Northern Blvd Rio Rancho, NM 87144
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    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
    Nwc Hwy 528 & Northern Blvd Rio Rancho, NM 87144
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