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    Sec Enchanted Hl Blvd & Stanley Dr Rio Rancho, NM 87144

    For Sale
    $449,452

    1.03 Acres, $449,452, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.03-acre commercial land parcel presents a prime development opportunity in Rio Rancho, New Mexico. Located at the intersection of Enchanted Hills Boulevard and Stanley Drive NE, this SU-zoned property boasts unparalleled visibility and accessibility. The asking price is $449,452, translating to a land value of $10 per square foot. City utilities are readily available at the street, simplifying infrastructure development. The site's strategic location benefits from high traffic volume, with 14,500 vehicles passing daily on Enchanted Hills Boulevard. This makes it ideal for a wide range of commercial ventures, including retail, showroom, office, or medical facilities. The property's strong location is further enhanced by its proximity to established businesses such as Insight Lighting, Home Depot, Safelite, Bank of America, Walgreens, Wal-Mart, Century Bank, and Presbyterian. This vibrant commercial environment offers significant potential for synergy and increased customer traffic. The property's size and zoning regulations provide considerable flexibility for developers seeking to capitalize on this exceptional location in a rapidly growing area. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving New Mexico market. The property is situated in Sandoval County, with a zip code of 87144.

    Property Features for 0 Sec Enchanted Hl Blvd & Stanley Dr

    General Information

    Property type
    Land
    Lot Size
    44,867 SF

    HighLights

    • City utilities readily available.
    • Excellent multi‑use development potential: retail, showroom, office, or medical.
    • Strong tenant mix in immediate vicinity including Home Depot, Bank of America, and Walmart.
    • High traffic count of 14,500 vehicles per day on Enchanted Hills Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5807533
    Latitude
    35.3258988

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    FAQs

    What type of property is this?
    Land - 1.03 Acres, $449,452, High Traffic
    Where is this land located?
    The property is located at Sec Enchanted Hl Blvd & Stanley Dr Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $449,452.
    What are key features of this property?
    This property features: City utilities readily available.; Excellent multi-use development potential: retail, showroom, office, or medical.; Strong tenant mix in immediate vicinity including Home Depot, Bank of America, and Walmart.
    Request Owner's contact information
    Sec Enchanted Hl Blvd & Stanley Dr 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
    Sec Enchanted Hl Blvd & Stanley Dr Rio Rancho, NM 87144
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