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    528 And Montoya Rd Rio Rancho, NM 87144

    For Sale
    Contact for pricing

    14 lots, 16.9 acres, M-1 zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial land offering presents 14 vacant lots totaling approximately 16.9 acres (739,164 square feet) in the rapidly expanding Rio Rancho sub-market of Albuquerque, New Mexico. Strategically located at the intersection of State Route 528 and Montoya Road, this property boasts prime visibility and accessibility. The site is zoned M-1, providing flexibility for a variety of commercial developments. All city utilities are readily available, and paved access ensures ease of construction and operation. The property benefits from three signaled intersections, enhancing traffic flow and visibility. This presents a unique opportunity for developers seeking a substantial land parcel in a high-growth area. The seller is open to owner financing and is also willing to consider build-to-suit options, offering a delivered construction price of $2,400,000 or a net-net-net (NNN) lease rate of $14 per square foot per year. The APN is R155680. The property's size ranges from 1 to 12.4 acres, offering various development possibilities. This is an ideal location for businesses seeking high visibility and convenient access in a thriving New Mexico community. The zip code is 87144, and the property is situated in Sandoval County.

    Property Features for 528 And Montoya Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • City utilities available.
    • Paved road access.
    • Owner financing may be available.
    • High visibility with three signalized intersections.
    • Build‑to‑suit option available for $2,400,000 delivered construction cost, or a $14/SF/YR NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.56865736137
    Latitude
    35.320154482256

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    FAQs

    What type of property is this?
    Land - 14 lots, 16.9 acres, M-1 zoning
    Where is this land located?
    The property is located at 528 And Montoya Rd Rio Rancho, NM.
    What are key features of this property?
    This property features: City utilities available.; Paved road access.; Owner financing may be available.
    (505) 503-2643
    Request Owner's contact information
    528 And Montoya Rd 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 And Montoya Rd Rio Rancho, NM 87144
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