Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2003 Southern SE Blvd Rio Rancho, NM 87124-3751

    • Strip malls
    • 15,016 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimation
    $590,000
    Location Intelligence
    Property ID
    US61-1367696
    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 2003 Southern SE Blvd

    Year built
    1986
    Lot size
    1.31 lot acres
    Property size
    15,016 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1-011-068-381-411
    APU
    1011068381411

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $765,000
      6.5%
      $730,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $645,000
      Geo Method
      $770,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $765,000
      Retail
      $775,000
      Mixed-Use
      $660,000
      Hospitality
      $720,000
      Educational
      $755,000
      Residential Income
      $620,000
      Energy
      $605,000
      Income-Based Land
      $800,000
      Food Service
      $755,000

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.696
    Latitude
    35.2431
    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
    $16,465
    $123,256
    $272,166
    $395,422
    -
    $369,767
    $816,497
    $1,186,264

    Comparable in this City

    • Value Estimation
      $520,000
      7,000 SF

      2502 Southern SE Blvd

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      2502 Southern SE Blvd, Rio Rancho, NM 87124-3729
      View Details
    • Value Estimation
      $515,000
      6,746 SF

      1101 Unser SE Blvd

      SHOPPING CENTER, STRIP CENTER • 6,746 SF
      1101 Unser SE Blvd, Rio Rancho, NM 87124-4007
      View Details
    • Value Estimation
      $1,025,000
      39,878 SF

      3301 Southern SE Blvd

      SHOPPING CENTER, STRIP CENTER • 39,878 SF
      3301 Southern SE Blvd, Rio Rancho, NM 87124-2085
      View Details
    • Value Estimation by Request
      63,748 SF

      3301 Southern SE Blvd

      SHOPPING CENTER, STRIP CENTER • 63,748 SF
      3301 Southern SE Blvd, Rio Rancho, NM 87124-2085
      View Details
    • Value Estimation
      $645,000
      10,790 SF

      1908 Wellspring SE Ave

      SHOPPING CENTER, STRIP CENTER • 10,790 SF
      1908 Wellspring SE Ave, Rio Rancho, NM 87124-4792
      View Details
    • Value Estimation
      $460,000
      6,691 SF

      4320 Ridgecrest SE Dr

      SHOPPING CENTER, STRIP CENTER • 6,691 SF
      4320 Ridgecrest SE Dr, Rio Rancho, NM 87124-5971
      View Details

    Similar Nearby for Sale

    • $5,260,126
      39,685 SF

      Country Club Center: Rio Rancho Retail Investment

      High-yield shopping center, prime Rio Rancho location.
      3301 Southern Blvd, Rio Rancho, NM 87124
      View Details
    • $1,400,000

      Prime Rio Rancho QSR Opportunity

      Turn-key QSR, high traffic, 2023 build.
      2200 Southern Blvd, Rio Rancho, NM 87124
      View Details
    • $1,200,000
      664 SF

      Retail Building on Southern Blvd

      Stand-alone retail building constructed in 2023 with high traffic exposure.
      2200 Southern Blvd SE, Rio Rancho, NM 87124
      View Details
    • $2,500,000
      6.18 Acres

      Rio Rancho Retail Land Opportunity

      6.176 Acres, Prime Retail Location
      0 Swc Broadmoor & Fruta, Rio Rancho, NM 87124
      View Details
    • $650,000
      6,024 SF

      Restaurant/Retail Property For Sale

      Restaurant/retail property with high traffic and easy highway access.
      2039 4Th St NW, Albuquerque, NM 87124
      View Details
    • $361,800
      402.00 Acres

      Benavidez Ranch: 402 Acres

      Prime NM land, agricultural & residential potential.
      Tract 3 Benavidez Rnch, Rio Rancho, NM 87124
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,500 SF

      Fitness Anchored Retail Space

      Retail space in fitness anchored shopping center for rent.
      3301 Southern Blvd SE, Rio Rancho, NM 87124
      View Details
    • $17 SF/Yr
      2,034 SF

      Retail Space in Rio Rancho

      Retail space available in busy Rio Rancho submarket.
      1594 Sara Rd, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      48,000 SF

      Retail Space Near Intel Facility

      Retail space available near Intel's manufacturing facility in Rio Rancho.
      1630-1660 Rio Rancho Dr SE, Rio Rancho, NM 87124
      View Details
    • $499,000
      2,377 SF

      Remodeled Retail Space For Rent

      Remodeled retail space with flexible layout and on-site parking.
      2413 4Th St NW, Albuquerque, NM 87124
      View Details
    • $24 SF/Yr
      1,496 SF

      Renovated Retail/Office Space Available

      Modern, renovated retail or office space with high-visibility signage.
      2418 Southern Blvd SE, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      10,000 SF

      Prime Retail Space Rio Rancho

      Retail property at a busy intersection near major retailers.
      4100 Southern Blvd SE Buildng 2, Rio Rancho, NM 87124
      View Details

    Property Visit Statistics

    • Visits by month
      38.4k
    • Visitors by month
      30.6k
    • Avg Time on site
      25 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2003 Southern SE Blvd
    Rio Rancho, NM 87124-3751
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.