Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Nec Westside Blvd. & Wellspring Ave Rio Rancho, NM 87124

    • Land
    • 1.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nec Westside Blvd. & Wellspring Ave

    Lot size
    1.33 lot acres
    Property type
    Land

    Description

    This exceptional 1.33-acre commercial land parcel, located at the northeast corner of Westside Boulevard and Wellspring Avenue SE in Rio Rancho, New Mexico, presents a unique investment opportunity. Priced at $1,088,595, this C-1 zoned property boasts a land value of $18.76 per square foot. The site benefits from excellent visibility and accessibility, situated at a signalized intersection on Westside Boulevard. All utilities are conveniently located on-site. This prime location is surrounded by thriving residential communities and significant infill development, ensuring strong future growth potential. The property's strategic position within "the Unser Gateway," Rio Rancho's fastest-growing medical and retail trade area, offers unparalleled access to a large and expanding customer base. Nearby key amenities include a new rehabilitation hospital, an award-winning "Park Above" recreation center, and Presbyterian Rust Medical Center, Rio Rancho's largest medical facility. This property is perfectly positioned to capitalize on the high demand for retail and medical services in this rapidly developing area. The APN is R184438 and the zip code is 87124. This is a rare opportunity to acquire a highly desirable commercial lot in a booming market.

    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
    -106.686
    Latitude
    35.22

    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
      1.07 Acres

      Rio Rancho Commercial Land

      Mixed-use land, prime location.
      0 Sec Unser Blvd & Westside Blvd, Rio Rancho, NM 87124
      View Details
    • $3,704,551
      10.55 Acres

      Rio Rancho Commercial Land Investment

      10.55 Acres, High-Traffic Location
      0 Cabezon Rd & Unser Blvd, Rio Rancho, NM 87124
      View Details
    • $399,000
      2.01 Acres

      Rio Rancho Commercial Land - $399K

      2.012 Acres, C-2 Zoning, High Traffic
      0 Northern Blvd. & Lumberman Rd, Rio Rancho, NM 87124
      View Details
    • $250,000
      0.56 Acres

      Rio Rancho Commercial Land - $250K

      Prime Industrial Lot, Ready to Build
      4124 Jackie Rd, Rio Rancho, NM 87124
      View Details
    • $174,240
      1.00 Acre

      Rio Rancho Commercial Land - 1 Acre

      Prime 1-acre commercial lot in Rio Rancho, NM.
      33rd St. & Northern Blvd, Rio Rancho, NM 87124
      View Details
    • $475,000
      1.60 Acres

      Country Club Plaza Land - Rio Rancho

      1.6 Acres Commercial Land, High-Traffic Area
      3301 Southern Blvd, Rio Rancho, NM 87124
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,165 SF

      Rio Rancho Commercial Land Opportunity

      Prime 1.156-acre commercial lot, 8,165 sqft.
      0 Rio Rancho Nm, Rio Rancho, NM 87124
      View Details
    • $120,000
      30,928 SF

      Rio Rancho Retail Land Opportunity

      High-traffic corner lot, ideal for QSR.
      1000 Sara Rd, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      1 SF

      Rio Rancho Commercial Land Opportunity

      1.67 Acres, C-1 Zoning, Prime Location
      0 Neq Unser Blvd. & Northern Blvd, 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
    • 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 for lease in Rio Rancho.
      3801 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.
    Nec Westside Blvd. & Wellspring Ave
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.