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Property profile & analytics

1908 Wellspring SE Ave Rio Rancho, NM 87124-4792

  • Strip malls
  • 10,790 SF
  • 1.38 lot acres
OFF-MARKET
Value Estimation
$645,000
Location Intelligence
Property ID
US61-1346501
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Strip malls

Property Details for 1908 Wellspring SE Ave

Year built
2014
Lot size
1.38 lot acres
Property size
10,790 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
1-011-067-348-123
APU
1011067348123

Description

This exceptional retail space, located at 1908 Wellspring Ave SE in Rio Rancho, New Mexico, presents a fantastic opportunity for businesses seeking a prime location. Situated on a 1.38-acre lot at the intersection of Unser and Wellspring, this single-story building offers excellent visibility and accessibility. The property boasts 1,491 square feet of retail space, currently available for lease. The property's location in Sandoval County, zip code 87124, ensures convenient access for customers and employees. The single-building structure is ideal for a variety of retail uses, benefiting from high traffic counts due to its strategic placement. This is a multiple-tenancy property, offering potential for synergy with complementary businesses. The property's address is easily accessible and highly visible, making it an attractive option for businesses seeking to establish a strong presence in the Rio Rancho market. The property's size and location make it suitable for a range of retail concepts, from small boutiques to larger retail operations. This is a rare opportunity to secure a well-positioned retail space in a thriving community. Interested parties are encouraged to inquire for further details and leasing information.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $635,000
  • CAP approach

    CAP return
    Estimation
    6%
    $760,000
    6.5%
    $710,000
    7%
    $655,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $685,000
    Geo Method
    $710,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $690,000
    Retail
    $785,000
    Mixed-Use
    $645,000
    Hospitality
    $780,000
    Educational
    $675,000
    Residential Income
    $750,000
    Energy
    $630,000
    Income-Based Land
    $740,000
    Food Service
    $770,000

Location Insight

  • Map
  • Local Demand
City
Rio Rancho
County
Sandoval
State
New Mexico
Longitude
-106.697
Latitude
35.221
CBSA code
10740
CBSA name
ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,263
$125,149
$409,504
$534,653
-
$375,446
$1,228,513
$1,603,959
More about this property
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