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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2005 Southern SE Blvd Rio Rancho, NM 87124-3766

    • Automotive properties
    • 6,681 SF
    • 58.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-1374648
    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

    • Automotive properties

    Property Details for 2005 Southern SE Blvd

    Year built
    1988
    Lot size
    58.22 lot acres
    Property size
    6,681 SF
    Property type
    Automotive properties
    APN
    1-011-068-369-445
    APU
    1011068369445

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.694
    Latitude
    35.242
    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
    $8,860
    $54,695
    $158,080
    $212,775
    -
    $164,086
    $474,241
    $638,327

    Comparable in this City

    • Value Estimation
      $545,000
      4,982 SF

      2014 Southern SE Blvd

      VEHICLE SALES, RENTALS • 4,982 SF
      2014 Southern SE Blvd, Rio Rancho, NM 87124-3765
      View Details
    • Value Estimation
      $1,580,000
      44,651 SF

      2500 Rio Rancho SE Blvd

      VEHICLE SALES, RENTALS • 44,651 SF
      2500 Rio Rancho SE Blvd, Albuquerque, NM 87124-1095
      View Details
    • Value Estimation
      $1,145,000
      28,880 SF

      2603 The American SE Rd

      VEHICLE SALES, RENTALS • 28,880 SF
      2603 The American SE Rd, Albuquerque, NM 87124-1839
      View Details
    • Value Estimation by Request
      250 SF

      Viga Rd

      PARKING GARAGE, PARKING STRUCTURE • 250 SF
      Viga Rd, Rio Rancho, NM 87124
      View Details
    • Value Estimation by Request
      768 SF

      904 14th SW St

      PARKING GARAGE, PARKING STRUCTURE • 768 SF
      904 14th SW St, Rio Rancho, NM 87124-0714
      View Details
    • Value Estimation by Request
      3,275 SF

      4533 Arrowhead Rdg SE Dr

      AUTO REPAIR, GARAGE • 3,275 SF
      4533 Arrowhead Rdg SE Dr, Rio Rancho, NM 87124-5943
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      0.50 Acres

      Land in Rio Rancho, NM

      Land available for sale in Rio Rancho, New Mexico.
      27th 27Th Ave NW, 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
    • $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
    • $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
    • $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

    • $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
    • $14 SF/Yr
      5,154 SF

      Retail Space Available For Lease

      Retail space available for lease in Albuquerque, New Mexico.
      2420 Comanche Rd NE, Albuquerque, NM 87124
      View Details
    • $22 SF/Yr
      1,140 SF

      Retail Space Near Albertsons

      Retail space available for lease, adjacent to Albertsons.
      4300 Ridgecrest 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
    • $30 SF/Yr
      1,440 SF

      Retail Space Near Walmart

      Retail space with high visibility near a busy intersection.
      1101 Rio Rancho Dr SE, Rio Rancho, NM 87124
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      2.5k
    • Avg Time on site
      24 min
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    2005 Southern SE Blvd
    Rio Rancho, NM 87124-3766
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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