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    Northern Blvd. & Lumberman Rd Rio Rancho, NM 87124

    For Sale
    $399,000

    2.012 Acres, C-2 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.012-acre commercial land parcel in Rio Rancho, New Mexico, presents a prime investment opportunity. Located at the intersection of Northern Boulevard and Lumberman Road NE (87124), this property boasts 350 feet of frontage on Northern Boulevard, ensuring high visibility and accessibility. The C-2 zoning allows for a wide variety of commercial uses, including drive-thrus, making it ideal for a diverse range of businesses. Its strategic location near major residential developments, Lowe's, an athletic center, library, and aquatic center guarantees a substantial customer base. The high traffic count exceeding 13,000 vehicles daily further enhances its commercial potential. This property is perfectly suited for restaurants, banks, urgent care facilities, car washes, or other businesses seeking a high-traffic location. Full access to city utilities is readily available, simplifying development and operational costs. The asking price is $399,000. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area of Sandoval County.

    Property Features for 0 Northern Blvd. & Lumberman Rd

    General Information

    Property type
    Land
    Lot Size
    87,643 SF

    HighLights

    • $399,000 asking price for 2.012 acres of commercial land.
    • C‑2 zoning allows a wide range of uses, including drive‑thrus.
    • 350 feet of frontage on Northern Blvd. in Rio Rancho, NM.
    • Excellent location near major home developments, Lowe's, an athletic center, library, and aquatic center, resulting in high traffic counts (over 13,000 cars daily).
    • Full access to city utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6657845
    Latitude
    35.2744238

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    FAQs

    What type of property is this?
    Land - 2.012 Acres, C-2 Zoning, High Traffic
    Where is this land located?
    The property is located at Northern Blvd. & Lumberman Rd Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price for 2.012 acres of commercial land.; C-2 zoning allows a wide range of uses, including drive-thrus.; 350 feet of frontage on Northern Blvd. in Rio Rancho, NM.
    Request Owner's contact information
    Northern Blvd. & Lumberman Rd Rio Rancho, NM 87124
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    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
    Northern Blvd. & Lumberman Rd Rio Rancho, NM 87124
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