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    | Rio Rancho Nm Albuquerque, NM 87114

    For Sale
    $2,100,000

    Prime Westside Albuquerque Land, $2.1M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.1 million dollar land parcel presents a unique investment opportunity in Rio Rancho, New Mexico's rapidly expanding Westside. Situated conveniently north of the Central New Mexico Community College (CNM) Westside Campus, this large lot benefits from its location within a thriving area experiencing significant growth. The property's TZ Rio Rancho zoning permits a variety of development options, including single-family housing, community residential care facilities, and even churches. Its proximity to successful single-family developments like Saltillo and Los Diamantes further underscores its potential. The substantial size of this land offers significant development flexibility, and there's even the possibility of assembling it with neighboring properties for an even larger project (details available upon request). For qualified buyers, the seller is open to considering owner financing, making this an attractive proposition for those seeking a strategic land acquisition in a high-growth market. The address is NWQ McMahon & Universe Blvds. NW, Rio Rancho, NM 87114. This prime location in Sandoval County offers easy access to both Rio Rancho and Albuquerque, making it an ideal spot for a variety of residential projects. The property's potential for substantial returns makes it a compelling investment opportunity in a dynamic and expanding region.

    Property Features for 0 | Rio Rancho Nm

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.731695
    Latitude
    35.212389

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    FAQs

    What type of property is this?
    Land - Prime Westside Albuquerque Land, $2.1M
    Where is this land located?
    The property is located at | Rio Rancho Nm Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,100,000.
    Request Owner's contact information
    | Rio Rancho Nm Albuquerque, NM 87114
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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
    | Rio Rancho Nm Albuquerque, NM 87114
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