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    OFF-MARKET
    Land

    3508 Northern Blvd, Rio Rancho, NM 87124

    1.83 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.83-acre commercial land parcel presents a prime investment opportunity in Rio Rancho, New Mexico. Located at 3508 Northern Blvd NE, this pad site boasts unparalleled visibility from a major thoroughfare, ensuring high traffic exposure for any future development. The property is strategically situated near prominent retailers like Lowe's, providing immediate access to a substantial customer base. Its proximity to the Rio Rancho City Center further enhances its desirability, placing it within a thriving commercial hub. The surrounding area is experiencing significant growth, with ongoing development plans encompassing retail spaces, multi-family residential projects, new housing, and employment opportunities. This translates to a robust and expanding market, promising strong returns on investment. The asking price for this exceptional property is $300,000. The land is zoned for commercial use and offers significant potential for a variety of businesses. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly developing area of Rio Rancho. The property's size and location make it ideal for a variety of commercial uses, offering significant potential for future growth and profitability. Don't miss this chance to secure a piece of Rio Rancho's burgeoning commercial landscape. The property is situated in Sandoval County, New Mexico, with a zip code of 87124.

    Property profile
    Verified
    Property type Land
    Lot 1.83 ac (79,715 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
    Value estimations
    Realmo proprietary · 4 methods
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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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