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    1799 11Th Ave Rio Rancho, NM 87124

    For Sale
    $350,000

    Prime 0.7-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 30,492 square foot commercial land parcel, located at 1799 11th Ave SE in Rio Rancho, New Mexico (APN 1011068239241), is priced at $350,000 ($11.47/acre). Boasting a highly visible corner location, this C-1 zoned property offers unparalleled access to city utilities, including readily available water and sewer connections at the street, along with underground electric and cable lines. Enjoy breathtaking panoramic city and mountain views. Situated in a bustling retail area, this lot benefits from high daily traffic counts on both Southern Boulevard (21,500 vehicles) and Unser Boulevard (33,700 vehicles), totaling 55,200 vehicles per day. Its proximity to major retail establishments such as Walmart and a Premiere Movie Theater, as well as Intel, Rust Presbyterian, Paradise Golf Course, and Cottonwood Mall, makes it an ideal location for a variety of commercial ventures. This property presents a unique opportunity for businesses seeking high visibility and convenient access to a thriving community. The property's UPC is 1-011-068-322-333. This is a remarkable opportunity to establish a successful business in a prime Rio Rancho location.

    Property Features for 1799 11Th Ave

    General Information

    Property type
    Land

    HighLights

    • $350,000 asking price for 0.70‑acre commercial land parcel.
    • C‑1 zoning.
    • 30,492 square foot lot size.
    • Water and sewer available at the street.
    • Underground electric and cable lines accessible at the street.
    • High‑visibility corner lot with panoramic city and mountain views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Gym & Fitness HVAC Service Pet Store

    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
    -106.70087266356
    Latitude
    35.238249377988

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    FAQs

    What type of property is this?
    Land - Prime 0.7-acre commercial lot
    Where is this land located?
    The property is located at 1799 11Th Ave Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for 0.70-acre commercial land parcel.; C-1 zoning.; 30,492 square foot lot size.
    Request Owner's contact information
    1799 11Th Ave 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
    1799 11Th Ave Rio Rancho, NM 87124
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