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428 Unser Blvd SE Rio Rancho, NM 87124

Retail space Google Maps
676 SF 0.4 ac lot Built 1982
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$170k
Range $153k – $187k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2008
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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