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Property profile & analytics
OFF-MARKET Estimated value $620,000
Strip malls

1908 Wellspring SE Ave Rio Rancho, NM 87124-4792

10,790 SF 1.38 ac lot Built 2014
Entity Owned Absentee Owner Free & Clear
Property ID
US61-1346501
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2014
Total area 10,790 SF
Lot 1.38 ac (60,113 SF)
APN 1-011-067-348-123
UPID US61-1346501
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
$635k
CAP Approach CAP
by Request
Comparable Approach Comparable
$605k
Blend (final) Blend
$620k
Owner & transaction history
SPRINGER SHELTERS
SPRINGER SHELTERS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.0M +88.3%
Commercial (general) $755,000 +40.6%
Industrial (general) $710,000 +32.4%
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