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    1350 Southern Blvd Rio Rancho, NM 87124

    For Sale
    $880,000

    1.94-acre C-1 zoned lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.94-acre commercial land parcel in Rio Rancho, New Mexico, presents a unique investment opportunity. Located at 1350 Southern Blvd SE, this C-1 zoned property boasts a highly desirable corner location at the intersection of Southern Boulevard and 15th Street. Its strategic position offers excellent visibility and accessibility, situated just west of major retail establishments including Walmart and a Premiere Movie Theater, ensuring high traffic volume. The property benefits from its proximity to key areas such as Intel, Rust Presbyterian, Paradise Golf Course, and Cottonwood Mall, providing convenient access to a substantial customer base. The site enjoys beautiful city and mountain views and is served by city utilities. With a daily traffic count exceeding 60,000 vehicles (21,300 on Southern Blvd and 38,700 on Unser Blvd), this location offers unparalleled exposure for any commercial venture. The asking price is $880,000, translating to a land value of $10.41 per square foot. The property's UPC is 1-010-068-508-335. This is an ideal location for retail or online businesses seeking high visibility and convenient access to a thriving community. Don't miss this chance to establish your business in a prime Rio Rancho location.

    Property Features for 1350 Southern Blvd

    General Information

    Property type
    Land

    HighLights

    • High‑traffic corner lot.
    • Stunning city and mountain vistas.
    • Excellent location in busy Southern and Unser Boulevard trade area.
    • City water and sewer available.
    • Property UPC: 1‑010‑068‑508‑335.
    • High daily traffic counts: 21,300 vehicles on Southern Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.7094509
    Latitude
    35.2410075

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    FAQs

    What type of property is this?
    Land - 1.94-acre C-1 zoned lot, prime location.
    Where is this land located?
    The property is located at 1350 Southern Blvd Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $880,000.
    What are key features of this property?
    This property features: High-traffic corner lot.; Stunning city and mountain vistas.; Excellent location in busy Southern and Unser Boulevard trade area.
    (505) 494-1400
    Request Owner's contact information
    1350 Southern Blvd 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
    1350 Southern Blvd Rio Rancho, NM 87124
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