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Property profile & analytics
OFF-MARKET
Commercial real estate

1713 Wellspring Ave Rio Rancho, NM 87124

Built 2023
Entity Owned 1-yr Hold
Property ID
US61-1344581
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 2023
UPID US61-1344581
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ugodinobi Estates LLC · 1 yrs held
Ugodinobi Estates LLC
since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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