528 & Nm 550 Bernalillo, NM 87004
- Land
- 13.87 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 528 & Nm 550
- Lot size
- 13.87 lot acres
- Property type
- Land
Description
This fee simple property, located in Rio Rancho, New Mexico's Commerce Center at Enchanted Hills, offers 13.865 acres of prime commercial land zoned C-1. Situated at the intersection of Highways 528 and 550 (60,795 vehicles per day), this location boasts exceptional visibility and accessibility. The property is directly across from a Tesla showroom and dealership, and enjoys proximity to Santa Ana Casino and the Hyatt Tamaya Resort. This rapidly developing area is part of New Mexico's fastest-growing retail corridor, serving an underserved trade area with a population exceeding 120,000 and a strong daytime population fueled by continued job growth. Significant residential growth, with over 2,000 new homes built within the last three years, further enhances the property's value. The land is fully improved and ready for development, presenting a unique opportunity for investors seeking high-growth potential in a thriving New Mexico market. Land value is priced between $13 and $24 per square foot. The property is located in Sandoval County, New Mexico, zip code 87004.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bernalillo
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.571
- Latitude
- 35.3304
