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Property profile & analytics
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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