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    1222 Villa Rd Rio Rancho, NM 87124

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    1222 Villa Rd Rio Rancho, NM 87124

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    Current Use by Public Records

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    Property Details for 1222 Villa Rd

    Property type
    Land

    Description

    Build your dream home on this exceptional 0.5-acre lot in Rio Rancho, New Mexico. Enjoy breathtaking views of the Sandia Mountains during the day and stunning city lights at night, all from your backyard. This desirable location offers unparalleled convenience, situated near the intersection of Unser Blvd SE and Southern Blvd SE. Nearby amenities include a variety of shopping options, restaurants, coffee shops, a movie theater, carwash, and car repair shop, as well as a local park. All dry utilities are available, with city water readily accessible at the street. Multiple lots are available for purchase, allowing for flexibility in lot size

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.712
    Latitude
    35.2389

    Comparable in this City

    • Value Estimation by Request

      1000 21St St

      Land
      1000 21St St, Rio Rancho, NM 87124
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      402.00 Acres

      Tract 3 Benavidez Rnch

      Farms • 402.00 Acres
      Tract 3 Benavidez Rnch, Rio Rancho, NM 87124
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    • Value Estimation by Request
      0.50 Acres

      1226 Villa Rd

      Land • 0.50 Acres
      1226 Villa Rd, Rio Rancho, NM 87124
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    • Value Estimation by Request
      0.50 Acres

      6th 6Th St

      Land • 0.50 Acres
      6th 6Th St, Rio Rancho, NM 87124
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      1.16 Acres

      Rio Rancho Nm

      Land • 8,165 SF
      0 Rio Rancho Nm, Rio Rancho, NM 87124
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      0.56 Acres

      4124 Jackie Rd

      Land • 0.56 Acres
      4124 Jackie Rd, Rio Rancho, NM 87124
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    Similar Nearby for Sale

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      Land Available in Rio Rancho

      13.4 acres of land for sale in Rio Rancho.
      5Th St SE, Rio Rancho, NM 87124
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      Land Available For Sale

      Land available for sale at Unser Blvd & Cabezon Blvd.
      Unser Blvd & Cabezon Blvd NE, Albuquerque, NM 87124
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      1.00 Acre

      Rio Rancho Land For Sale

      One acre of land available in Rio Rancho, New Mexico.
      Lt53 Ave SW, Rio Rancho, NM 87124
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      0.50 Acres

      Land in Rio Rancho

      Land available in Rio Rancho, New Mexico.
      3Rd Ave SW, Rio Rancho, NM 87124
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      1.00 Acre

      Rio Rancho Land For Sale

      One-acre lot with great views in Rio Rancho, New Mexico.
      15Th Ave NW, Rio Rancho, NM 87124
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    • $60,000
      1.10 Acres

      Rio Rancho Land For Sale

      1.1-acre lot in Rio Rancho Estates, ideal for custom build.
      1205 Ventura Rd SE, Rio Rancho, NM 87124
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    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Single tenant land available for lease.
      Neq Unser Blvd. & Northern Blvd, Rio Rancho, NM 87124
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      Prime Retail Land Opportunity

      Land for lease in high-traffic retail area.
      Rio Rancho Nm, Rio Rancho, NM 87124
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      Commercial Pad Sites for Lease

      Retail center pad sites available for lease in Rio Rancho.
      3705 Northern Blvd NE, Rio Rancho, NM 87124
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      Commercial Pad Sites for Lease

      Retail center pad sites for lease in Rio Rancho.
      3701 Northern Blvd NE, Rio Rancho, NM 87124
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    • Contact for pricing

      Commercial Pad Sites For Lease

      Retail center pad sites for lease in Rio Rancho.
      3801 Northern Blvd NE, Rio Rancho, NM 87124
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    • Contact for pricing

      Rio Rancho Retail Pad

      Retail pad site in Rio Rancho with high traffic.
      1000 Sara Rd, Rio Rancho, NM 87124
      View Details
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    Rio Rancho, NM 87124
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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