1713 Wellspring Ave Rio Rancho, NM 87124
This exceptional 3,125-square-foot office space, situated in Sandoval County, represents a unique opportunity for businesses seeking a modern and strategically located presence. Completed in 2023, this first-generation office building offers a blank canvas for tenant improvements, allowing for complete customization to suit specific operational needs. The property is ideally situated near Rust Medical Center, benefiting from a rapidly growing trade area with expanding medical services and a high-income demographic base. Its proximity to new schools and housing developments further enhances its appeal. Convenient access to Unser Boulevard via Wellspring Boulevard ensures easy commutes for employees and clients. Ample parking is provided with 46 spaces, exceeding a generous 8:1000 ratio. The building is currently available as a warm gray-shell, allowing for flexibility in design and build-out. A tenant improvement allowance is negotiable for qualified tenants committing to a long-term lease. The property is zoned SU, reflecting its suitability for a variety of office uses. Anticipated delivery is February 2024. This presents a rare chance to secure a brand-new, adaptable office space in a thriving Rio Rancho location. The building's modern design and convenient amenities make it an ideal choice for medical practices or any general office use.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.