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    Property profile & analytics

    1941 Southern SE Blvd Rio Rancho, NM 87124-3510

    • Drug stores
    • 15,848 SF
    • 1.58 lot acres
    OFF-MARKET
    Value Estimation
    $785,000
    Last Sale
    Jul 21, 2020
    Location Intelligence
    Property ID
    US61-1373811
    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

    • Drug stores

    Property Details for 1941 Southern SE Blvd

    Year built
    1997
    Lot size
    1.58 lot acres
    Property size
    15,848 SF
    Property type
    Drug stores
    APN
    1-011-068-344-374
    APU
    1011068344374

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.697
    Latitude
    35.2421
    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
    $46,512
    $116,743
    $1,000,257
    $1,117,000
    -
    $350,229
    $3,000,771
    $3,351,000

    Comparable in this City

    • Value Estimation by Request
      14,213 SF

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    • Value Estimation
      $795,000
      15,029 SF

      4051 Southern SE Blvd

      DRUG STORE, PHARMACY • 15,029 SF
      4051 Southern SE Blvd, Rio Rancho, NM 87124-2069
      View Details
    • Value Estimation
      $685,000
      16,275 SF

      1001 Rio Rancho SE Blvd

      DRUG STORE, PHARMACY • 16,275 SF
      1001 Rio Rancho SE Blvd, Rio Rancho, NM 87124-1057
      View Details
    • Value Estimation by Request
      64,749 SF

      4300 Ridgecrest SE Dr

      GROCERY, SUPERMARKET • 64,749 SF
      4300 Ridgecrest SE Dr, Rio Rancho, NM 87124-5907
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    • Value Estimation by Request
      37,774 SF

      1640 Rio Rancho SE Blvd

      GYM, HEALTH SPA • 37,774 SF
      1640 Rio Rancho SE Blvd, Rio Rancho, NM 87124-1092
      View Details
    • Value Estimation
      $445,000
      7,583 SF

      4350 Ridgecrest SE Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,583 SF
      4350 Ridgecrest SE Dr, Rio Rancho, NM 87124-5987
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Prime Retail Space Rio Rancho

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    • $24 SF/Yr
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      Renovated Retail/Office Space Available

      Modern, renovated retail or office space with high-visibility signage.
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      View Details
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    Rio Rancho, NM 87124-3510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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