Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    808 Pinehurst Rd Rio Rancho, NM 87124

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    808 Pinehurst Rd Rio Rancho, NM 87124

    View on Map
    • Land
    • 0.77 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 808 Pinehurst Rd

    Lot size
    0.77 lot acres
    Property type
    Land

    Description

    This exceptional 0.77-acre commercial land parcel, located at 808 Pinehurst Rd SE in Rio Rancho, New Mexico, presents a unique investment opportunity. Situated in a high-traffic area of Sandoval County (zip code 87124), the property boasts approved plans for a brewery and taproom, offering immediate development potential. The site enjoys exceptional visibility on Southern Boulevard, a major thoroughfare with a daily traffic count of 51,200 vehicles. This prime location is strategically positioned just north of Intel, benefiting from the area's robust economic activity and dense residential population. While the approved brewery plans offer a compelling starting point, the SU zoning allows for flexibility, potentially accommodating a medical or professional office. The property's proximity to major transportation arteries, including less than 20 minutes to I-40 and under 15 minutes to I-25, enhances its accessibility and appeal. This is a rare chance to acquire a ready-to-develop site in a thriving New Mexico community. The asking price is $465,000.

    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
    -106.657
    Latitude
    35.243

    Comparable in this City

    • Value Estimation by Request
      2.40 Acres

      Unser Blvd

      Land • 2.40 Acres
      0 Unser Blvd, Rio Rancho, NM 87124
      View Details
    • Value Estimation by Request
      1.55 Acres

      1730 Westside Blvd

      Land • 1.55 Acres
      1730 Westside Blvd, Rio Rancho, NM 87124
      View Details
    • Value Estimation by Request

      Sundt Rd

      Land
      0 Sundt Rd, Rio Rancho, NM 87124
      View Details
    • Value Estimation by Request
      1.25 Acres

      1641 Nm-528

      Land • 1.25 Acres
      1641 Nm-528, Rio Rancho, NM 87124
      View Details
    • Value Estimation by Request

      1000 21St St

      Land
      1000 21St St, Rio Rancho, NM 87124
      View Details
    • Value Estimation by Request
      1.16 Acres

      Rio Rancho Nm

      Land • 8,165 SF
      0 Rio Rancho Nm, Rio Rancho, NM 87124
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Sale

      Land available for sale at Unser Blvd & Cabezon Blvd.
      Unser Blvd & Cabezon Blvd NE, Albuquerque, NM 87124
      View Details
    • Contact for pricing

      Land Available in Rio Rancho

      13.4 acres of land for sale in Rio Rancho.
      5Th St SE, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      0.50 Acres

      Land in Rio Rancho

      Land available in Rio Rancho, New Mexico.
      3Rd Ave SW, Rio Rancho, NM 87124
      View Details
    • $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
      View Details

    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
      View Details
    • 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
      View Details
    • 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
    • Contact for pricing

      Prime Retail Land Opportunity

      Land for lease in high-traffic retail area.
      Rio Rancho Nm, Rio Rancho, NM 87124
      View Details
    • Contact for pricing

      Commercial Pad Sites for Lease

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

      Commercial Pad Sites for Lease

      Retail center pad sites available for lease in Rio Rancho.
      3705 Northern Blvd NE, Rio Rancho, NM 87124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    808 Pinehurst Rd
    Rio Rancho, NM 87124
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!