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    528 Of Corrales Rd And Nm Hwy Rio Rancho, NM 87144

    For Sale
    $585,447

    1.64-acre commercial lot, prime Rio Rancho location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.64-acre commercial land parcel presents a unique investment opportunity in the rapidly growing city of Rio Rancho, New Mexico. Strategically located at the northeast intersection of Corrales Road and Highway 528, this property boasts unparalleled accessibility and visibility. The rectangular shape of the lot maximizes development potential, allowing for a variety of configurations to suit diverse business needs. Whether you envision an office complex, warehouse facility, or contractor yard, this site offers the flexibility to accommodate your vision. Utilities are conveniently located in the street, simplifying infrastructure connections. The property is zoned SU, providing flexibility in development options. This underserved market is experiencing significant growth, making this a particularly attractive investment. The pro-development approach of the Rio Rancho city government further enhances the appeal of this exceptional property. The APN is R184566. The asking price is $585,447. Don't miss this chance to secure a prime piece of commercial real estate in a thriving New Mexico community. The property is located in Sandoval County, with a zip code of 87144.

    Property Features for 528 Of Corrales Rd And Nm Hwy

    General Information

    Property type
    Land
    Lot Size
    71,438 SF

    HighLights

    • Prime Rio Rancho location.
    • Excellent access to Hwy. 528 and Corrales Rd.
    • Utilities readily available.
    • Rectangular lot ideal for development.
    • Supports diverse office, warehouse, or contractor yard uses.
    • Flexible SU zoning allows for versatility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6174568
    Latitude
    35.2754737

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    FAQs

    What type of property is this?
    Land - 1.64-acre commercial lot, prime Rio Rancho location.
    Where is this land located?
    The property is located at 528 Of Corrales Rd And Nm Hwy Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $585,447.
    What are key features of this property?
    This property features: Prime Rio Rancho location.; Excellent access to Hwy. 528 and Corrales Rd.; Utilities readily available.
    Request Owner's contact information
    528 Of Corrales Rd And Nm Hwy 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
    528 Of Corrales Rd And Nm Hwy Rio Rancho, NM 87144
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