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    Neq Hwy 528 & Corrales Rd Rio Rancho, NM 87144

    For Sale
    Contact for pricing

    2.41 Acres, Hwy 528 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.41-acre retail land parcel presents a prime development opportunity in Rio Rancho, New Mexico. Located at the intersection of NEQ Hwy 528 and Corrales Rd. NE, the property boasts unparalleled visibility and accessibility. The SU zoning permits drive-thru facilities, catering to a wide range of retail concepts. With approximately 30,000 vehicles passing daily on Hwy 528, this site guarantees high traffic exposure. The land is build-ready, slightly above grade, ensuring a prominent building presentation. Direct access from both directions of Hwy 528 simplifies ingress and egress for customers. This location sits within a rapidly expanding trade area currently underserved by similar retail offerings, presenting a unique chance to capture significant market share. The property's strategic positioning and build-ready status make it an ideal investment for developers seeking high-impact retail development in a thriving New Mexico market. The zip code is 87144. This is a rare opportunity to acquire a highly visible and accessible retail site in a rapidly growing area.

    Property Features for 0 Neq Hwy 528 & Corrales Rd

    General Information

    Property type
    Land
    Lot Size
    104,980 SF

    HighLights

    • Build‑ready 2.41‑acre retail parcel.
    • Drive‑thru permitted zoning.
    • High visibility on Hwy 528, with ±30,000 vehicles daily.
    • Located in a rapidly growing, underserved trade area.
    • Direct access from both directions of Hwy 528.
    • Slightly above‑grade site for prominent building presentation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.615803
    Latitude
    35.276174

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    FAQs

    What type of property is this?
    Land - 2.41 Acres, Hwy 528 Visibility
    Where is this land located?
    The property is located at Neq Hwy 528 & Corrales Rd Rio Rancho, NM.
    What are key features of this property?
    This property features: Build-ready 2.41-acre retail parcel.; Drive-thru permitted zoning.; High visibility on Hwy 528, with ±30,000 vehicles daily.
    Request Owner's contact information
    Neq Hwy 528 & Corrales Rd 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
    Neq Hwy 528 & Corrales Rd Rio Rancho, NM 87144
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