0 Jager Dr & Picabo St Rio Rancho, NM 87144
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.