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    33rd St. & Northern Blvd Rio Rancho, NM 87124

    For Sale
    $174,240

    Prime 1-acre commercial lot in Rio Rancho, NM.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1-acre commercial land parcel, located at the intersection of NEQ 33rd Street and Northern Boulevard in Rio Rancho, New Mexico, presents a unique investment opportunity. The property, identified by APN R119804, is ideally suited for a variety of commercial uses. Its strategic location within Sandoval County, zip code 87124, places it in the heart of Rio Rancho's rapidly expanding commercial sector. The site's proximity to city utilities simplifies development, while its position within a high-growth submarket ensures strong future potential. This lot is particularly well-suited for contractors seeking a yard, industrial operations, or businesses needing convenient access to major home developments, Rio Rancho schools, and hospitals. The property's central location offers excellent visibility and accessibility. Specifically, this is Unit 13, Block 85, Lot 3, offering a clear and readily identifiable location. The asking price for this remarkable opportunity is $174,240. Don't miss this chance to acquire a prime piece of commercial real estate in one of New Mexico's fastest-growing cities.

    Property Features for 33rd St. & Northern Blvd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Ideal for contractor yard or industrial use.
    • Convenient city utility access.
    • Situated in Rio Rancho's fastest‑growing submarket, poised for future commercial development.
    • Central location near major residential communities.
    • Excellent location for vendors servicing Rio Rancho schools and hospitals.
    • Unit 13, Block 85, Lot 3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6710172
    Latitude
    35.2744285

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot in Rio Rancho, NM.
    Where is this land located?
    The property is located at 33rd St. & Northern Blvd Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $174,240.
    What are key features of this property?
    This property features: Ideal for contractor yard or industrial use.; Convenient city utility access.; Situated in Rio Rancho's fastest-growing submarket, poised for future commercial development.
    Request Owner's contact information
    33rd St. & Northern Blvd 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
    33rd St. & Northern Blvd Rio Rancho, NM 87124
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