Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2121 Unser SE Blvd Rio Rancho, NM 87124-6378
    Back to Search
    Property profile & analytics

    2121 Unser SE Blvd Rio Rancho, NM 87124-6378

    View on Map
    • Drive through restaurants
    • 935 SF
    • 0.80 lot acres
    Off-Market
    Property ID
    US61-1387983
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 2121 Unser SE Blvd

    Year built
    2020
    Lot size
    0.80 lot acres
    Property size
    935 SF
    Property type
    Drive through restaurants
    APN
    1-011-067-364-187
    APU
    1011067364187

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.697
    Latitude
    35.2231
    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
    $8,827
    $72,743
    $139,233
    $211,976
    -
    $218,230
    $417,699
    $635,929

    Comparable in this City

    • Value Estimation
      $555,000
      3,865 SF

      2041 Unser SE Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,865 SF
      2041 Unser SE Blvd, Rio Rancho, NM 87124-6397
      View Details
    • Value Estimation by Request
      2,480 SF

      801 Unser SE Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,480 SF
      801 Unser SE Blvd, Rio Rancho, NM 87124-6368
      View Details
    • Value Estimation by Request
      955 SF

      2510 Southern SE Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 955 SF
      2510 Southern SE Blvd, Rio Rancho, NM 87124-3737
      View Details
    • Value Estimation by Request
      2,732 SF

      2435 Southern SE Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,732 SF
      2435 Southern SE Blvd, Rio Rancho, NM 87124-3736
      View Details
    • Value Estimation by Request
      2,702 SF

      480 Frontage NE Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,702 SF
      480 Frontage NE Rd, Rio Rancho, NM 87124
      View Details
    • Value Estimation by Request
      3,672 SF

      4101 Rdg Rock SE Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,672 SF
      4101 Rdg Rock SE Rd, Rio Rancho, NM 87124-7628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      664 SF

      Turn-Key Drive-Thru Building For Sale

      Turn-key drive-thru building in high-traffic retail corridor.
      2200 Southern Blvd SE, 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
    • Contact for pricing

      Land for Mixed-Use Development

      Land available for mixed-use development in Rio Rancho.
      1000 21St St SE, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      3,342 SF

      Retail Building Investment Opportunity

      3,342 SF retail building with income and owner-user potential.
      2104 Southern Blvd SE, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      39,685 SF

      Rio Rancho Retail Opportunity

      Retail space available in growing Rio Rancho, New Mexico.
      3301 Southern Blvd SE, Rio Rancho, NM 87124
      View Details
    • $1,295,000
      1.83 Acres

      Rio Rancho Land For Sale

      1.83-acre C-2 zoned property with income potential.
      3508 Northern Blvd NE, Rio Rancho, NM 87124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Rio Rancho Retail Pad

      Retail pad site in Rio Rancho with high traffic.
      1000 Sara Rd, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      1,500 SF

      Retail/Office/Restaurant Space Available

      Shell space ideal for retail, restaurant, office, or medical uses.
      1141 Commercial Dr SE, Rio Rancho, NM 87124
      View Details
    • Contact for pricing
      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
    • $30 SF/Yr
      2,880 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
    • $30 SF/Yr
      1,200 SF

      Retail Space Near Walmart

      Retail space available across from Walmart Supercenter & Chick-Fil-A.
      1121 Unser Blvd SW, Rio Rancho, NM 87124
      View Details
    • Contact for pricing

      Rio Rancho Commercial Space Available

      Office, retail, and industrial space for lease in Rio Rancho.
      103 Rio Rancho Blvd SE, Rio Rancho, NM 87124
      View Details

    Property Visit Statistics

    • Visits by month
      55.0k
    • Visitors by month
      30.9k
    • Avg Time on site
      14 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.
    2121 Unser SE Blvd
    Rio Rancho, NM 87124-6378
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2121 Unser SE Blvd, Rio Rancho, NM, 87124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!