156 5Th St Rio Rancho, NM 87124
- Land
- 11.05 lot acres
Current Use by Public Records
- Land
Property Details for 156 5Th St
- Lot size
- 11.05 lot acres
- Property type
- Land
Description
This exceptional 11.05-acre commercial land parcel presents a unique development opportunity in Rio Rancho, New Mexico. Located at 156 NWQ Unser Blvd. SE & 5th St. SE, Albuquerque, NM 87124, this site boasts significant potential due to its strategic location and favorable zoning regulations. Allowable densities are up to 35 dwelling units per acre, with building heights permitted up to 50 feet. The elevated position offers stunning views of the Sandia Mountains, a highly desirable feature for residential and commercial projects. The property's proximity to key amenities further enhances its appeal. It's situated less than half a mile from a Walmart Supercenter at Southern and Unser Boulevards, ensuring convenient access to retail and services. The strong local market supports this development opportunity, with an average household income of $78,000 and an average home value of $287,000 within a 5-mile radius. Addressing a significant undersupply, Rio Rancho is estimated to be short between 2,000 and 4,000 apartment units, creating substantial demand. Furthermore, the site's location just 2 miles north of Rust Presbyterian Hospital adds to its strategic value. Wet utilities are conveniently available on 19th Street, simplifying infrastructure connections. This property is ready for immediate development, offering a compelling investment prospect in a thriving New Mexico market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Rancho
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.697
- Latitude
- 35.2504
