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    OFF-MARKET
    Land

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

    1.33 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.33 ac (57,935 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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