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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Jager Dr & Picabo St Rio Rancho, NM 87144

0.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land parcel, located in the Commerce Center at Enchanted Hills in Rio Rancho, New Mexico (87144), presents a unique investment opportunity. Situated on Jager Drive & Picabo Street, this property boasts a lot size ranging from 0.5 to 1.93 acres and is zoned SU-NR by the City of Rio Rancho. A preliminary site plan indicates a potential building size of approximately 25,200 square feet. The site is fully improved and ready for immediate development, with impact fees already waived, significantly reducing upfront costs. The seller is open to exploring owner financing options and potentially a build-to-suit arrangement for a credit-worthy tenant. Furthermore, there's a possibility of splitting the lot into a half-acre parcel, subject to the City of Rio Rancho's approval process. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. The asking price for this exceptional opportunity is $630,500. Don't miss this chance to acquire a ready-to-develop commercial property in a thriving New Mexico market.

Property profile
Verified
Property type Retail properties & Spaces
Lot 0.5 ac (21,780 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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