1908 Wellspring SE Ave Rio Rancho, NM 87124-4792
- Strip malls
- 10,790 SF
- 1.38 lot acres
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
-
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