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Property profile & analytics
OFF-MARKET
Land

528 & Nm 550 Bernalillo, NM 87004

13.87 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 13.87 ac (603,959 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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