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    550 Rio Rd Albuquerque, NM 87114

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    For Sale
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    Prime Retail Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial land parcel, located at the intersection of NM 528 and NM 550 in Rio Rancho, New Mexico (zip code 87114), presents a unique investment opportunity. The property boasts a strategic location directly across from Tesla's newest showroom and dealership, shadow-anchored by the renowned Santa Ana Casino and Hyatt Tamaya Resort. Situated in New Mexico's fastest-growing retail corridor, this site benefits from exceptionally high traffic volume, with over 60,795 vehicles passing daily. The land is zoned C1 and offers a significant opportunity for development, given the area's underserved market of over 120,000 people. This is further enhanced by a strong daytime population fueled by continued job growth and significant residential expansion, with over 2,000 new homes constructed within the last three years. The lot size ranges from 0.8 to 13.87 acres, with land value ranging from $13 to $21 per square foot. The property is fully improved and entitled for commercial retail development, making it ready for immediate action. This prime location offers unparalleled visibility and access, making it ideal for a variety of commercial uses. Don't miss this chance to capitalize on the explosive growth in Rio Rancho.

    Property Features for 550 Rio Rd

    General Information

    Property type
    Land
    Lot Size
    34,848 SF

    HighLights

    • 0.8 to 13.87 acres of commercially zoned land (C1) in Rio Rancho, NM.
    • Land value: $13 to $21 per square foot.
    • High‑traffic location at the intersection of Hwy 528 & Hwy 550 (60,795 vehicles per day).
    • Across from a new Tesla dealership and shadow anchored by Santa Ana Casino and Hyatt Tamaya Resort.
    • Located in New Mexico's fastest‑growing retail corridor, serving a population exceeding 120,000.
    • Ready‑to‑build commercial retail pads.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Hotel & Motel Bed & Breakfast Pet Store Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6279561
    Latitude
    35.1922938

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Traffic Area
    Where is this land located?
    The property is located at 550 Rio Rd Albuquerque, NM.
    What are key features of this property?
    This property features: 0.8 to 13.87 acres of commercially zoned land (C1) in Rio Rancho, NM.; Land value: $13 to $21 per square foot.; High-traffic location at the intersection of Hwy 528 & Hwy 550 (60,795 vehicles per day).
    Request Owner's contact information
    550 Rio Rd Albuquerque, NM 87114
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    Albuquerque, NM 87114
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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
    550 Rio Rd Albuquerque, NM 87114
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