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    FOR SALE
    Retail space

    428 Unser Blvd SE, Rio Rancho, NM 87124

    676 SF 0.4 ac lot Built 1982
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US61-1364808
    Property summary
    AI-generated overview

    This exceptional 2.42-acre commercial land parcel, located at 428 Unser Blvd SE in Rio Rancho, New Mexico (APN R047464), presents a unique investment opportunity. Zoned C-1, this property boasts a highly desirable location, situated just half a mile from a top-performing Walmart at a major Rio Rancho intersection. The site benefits from exceptional visibility on Unser Blvd, a high-traffic thoroughfare with approximately 124,000 cars passing daily. A signalized hard corner provides excellent access, complemented by multiple full-access points. All utilities are available on-site. The surrounding area features significant residential development, with an average household income within a 5-mile radius nearing $90,000, indicating strong consumer spending power. The C-1 zoning permits drive-thru establishments, making this an ideal location for a restaurant, convenience store, or other neighborhood retail services. This property offers a rare combination of high visibility, convenient access, and strong demographics, making it an attractive investment for discerning buyers. The lot size is 2.42 acres, providing ample space for development. This is a ready-to-develop site with all the necessary infrastructure in place. Don't miss this chance to secure a prime commercial location in a thriving Rio Rancho community. The asking price is $925,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1982
    Total area 676 SF
    Lot 0.4 ac (17,424 SF)
    APN 1-011-069-344-162
    UPID US61-1364808
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Sterling Capital Partners LLC · 8 yrs held
    Sterling Capital Partners LLC
    since 2018
    3 recorded transactions
    2018
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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