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    Sec Camino Venada & Lincoln Ave Rio Rancho, NM 87144

    For Sale
    $517,492

    2.97 Acres, High Visibility, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 2.97-acre commercial land parcel presents a remarkable investment opportunity in the desirable Enchanted Hills area of Rio Rancho, New Mexico. Located at the southeast corner of Camino Venada and Lincoln Avenue, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any commercial venture. The land is zoned C1, offering a wide range of development possibilities, including office, industrial, retail, hotel, multifamily, commercial-specialty, and residential uses. With a total asking price of $517,492, this translates to a land value of $4 per square foot. The property's strategic location provides convenient access to the vibrant heart of Rio Rancho and Bernalillo, placing your business within easy reach of a substantial customer base. This prime location offers significant potential for growth and return on investment. The expansive lot size allows for considerable flexibility in development plans, catering to a variety of commercial needs. Don't miss this chance to acquire a highly visible and versatile commercial property in a thriving New Mexico community. The property is situated in Sandoval County, New Mexico, with a zip code of 87144.

    Property Features for 0 Sec Camino Venada & Lincoln Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    129,373 SF

    HighLights

    • 2.97‑acre commercial land parcel for sale in Rio Rancho's Enchanted Hills area.
    • High visibility corner lot at Camino Venada and Lincoln Avenue.
    • Convenient access to Rio Rancho and Bernalillo.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5843038
    Latitude
    35.3198527

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    FAQs

    What type of property is this?
    Multifamily property - 2.97 Acres, High Visibility, Prime Location
    Where is this multifamily property located?
    The property is located at Sec Camino Venada & Lincoln Ave Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $517,492.
    What are key features of this property?
    This property features: 2.97-acre commercial land parcel for sale in Rio Rancho's Enchanted Hills area.; High visibility corner lot at Camino Venada and Lincoln Avenue.; Convenient access to Rio Rancho and Bernalillo.
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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
    Sec Camino Venada & Lincoln Ave Rio Rancho, NM 87144
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