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    3301 Southern Blvd Rio Rancho, NM 87124

    Sponsored
    For Sale
    $5,260,126

    High-yield shopping center, prime Rio Rancho location.

    Property size:
    39,685 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Country Club Center, a stabilized Class B shopping center totaling 39,685 square feet situated on 5.46 acres in Rio Rancho, New Mexico. Located on Southern Boulevard SE, a major thoroughfare boasting 24,000 vehicles per day, this multi-tenant property offers significant upside potential. The center currently enjoys a 96.2% occupancy rate with 14 units, generating a strong Net Operating Income (NOI) of $428,700 and an 8.15% cap rate. The asking price is $5,260,126, translating to $132.55 per square foot. Built in 1988, the property features a single building with 38,177 net rentable square feet and ample parking (5.59 spaces per 1,000 sq ft). The property is zoned SU and benefits from a robust surrounding population with high consumer spending power. The land value alone is $135.37 per square foot. This NNN-leased shopping center presents a value-add opportunity, including a pad-ready site for future development. The center is strategically located in Rio Rancho, New Mexico's most populous city, part of the Albuquerque metropolitan area, and benefits from a diverse economy encompassing customer service, manufacturing, healthcare, education, retail, and tourism. This is a rare opportunity to acquire a well-performing retail asset in a thriving market.

    Property Features for 3301 Southern Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    39,685 SF
    Class
    B
    Lot Size
    237,838 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Units
    14

    HighLights

    • Stabilized Class B shopping center with 96.2% occupancy and strong NOI of $428,700.
    • High‑traffic location on Southern Blvd SE, averaging 24,000 vehicles per day.
    • Strong demographics with a dense population and high consumer spending power in Rio Rancho, NM.
    • Value‑add opportunity with a pad‑ready site for future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -106.66848600258
    Latitude
    35.242754619881

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield shopping center, prime Rio Rancho location.
    Where is this lifestyle center located?
    The property is located at 3301 Southern Blvd Rio Rancho, NM.
    What is the asking price?
    The asking price for this property is $5,260,126.
    What are key features of this property?
    This property features: Stabilized Class B shopping center with 96.2% occupancy and strong NOI of $428,700.; High-traffic location on Southern Blvd SE, averaging 24,000 vehicles per day.; Strong demographics with a dense population and high consumer spending power in Rio Rancho, NM.
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    3301 Southern 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
    3301 Southern Blvd Rio Rancho, NM 87124
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