1908 Wellspring SE Ave Rio Rancho, NM 87124-4792
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.