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    701 Unser SE Blvd Rio Rancho, NM 87124-6370
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    Property profile & analytics

    701 Unser SE Blvd Rio Rancho, NM 87124-6370

    View on Map
    • Strip malls
    • 22,207 SF
    • 2.57 lot acres
    Off-Market
    Property ID
    US61-1332915
    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
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 701 Unser SE Blvd

    Year built
    2007
    Lot size
    2.57 lot acres
    Property size
    22,207 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-011-068-326-476
    APU
    1011068326476

    Description

    This exceptional 1,600 square foot inline retail space is ideally situated at 701 Unser Blvd SE, Rio Rancho, NM 87124, at the busy intersection of Unser Blvd and Southern Blvd. The property boasts a high-traffic location, benefiting from a signalized intersection and adjacency to a major grocery store, ensuring consistent customer flow. This location is surrounded by a densely populated residential area with over 73,000 people within a three-mile radius, providing a substantial customer base. The property is part of a thriving retail center, with neighboring businesses including Walmart Supercenter, Walgreens, Wendy's, Panda Express, Aaron's, T-Mobile, Carl's Jr., Mattress Firm, and Starbucks. Unser Blvd sees 32,700 vehicles per day, and Southern Blvd sees 21,300 vehicles per day, guaranteeing significant visibility and accessibility. The space is immediately available and totals 1,600 contiguous square feet. This is a single-suite building, perfect for a variety of retail uses. Please note that cannabis-related businesses are not permitted at this location. This property presents a unique opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. Contact us today to schedule a showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,271,000
      Market price range: $905k - $1.31M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Current use
      COMMERCIAL (GENERAL)
      $1,550,000
      Change: +41% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,460,000
      Change: +32% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,125,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $1,075,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Rancho
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.698
    Latitude
    35.2448
    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
    $46,775
    $241,607
    $881,712
    $1,123,319
    -
    $724,821
    $2,645,135
    $3,369,956

    Comparable in this City

    • Value Estimation
      $1,815,000
      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
      $605,000
      10,800 SF

      1000 Golf Crse SE Rd

      SHOPPING CENTER, STRIP CENTER • 10,800 SF
      1000 Golf Crse SE Rd, Rio Rancho, NM 87124-3500
      View Details
    • Value Estimation
      $620,000
      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 by Request
      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
    • Value Estimation
      $630,000
      12,467 SF

      1630 Rio Rancho SE Blvd

      SHOPPING CENTER, STRIP CENTER • 12,467 SF
      1630 Rio Rancho SE Blvd, Rio Rancho, NM 87124-1587
      View Details
    • Value Estimation by Request
      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

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    • $1,295,000
      1.83 Acres

      Rio Rancho Land For Sale

      1.83-acre C-2 zoned property with income potential.
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    Similar Nearby for Lease

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      Fitness Anchored Retail Space

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    • Contact for pricing
      1,500 SF

      Retail/Office/Restaurant Space Available

      Shell space ideal for retail, restaurant, office, or medical uses.
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    • $30 SF/Yr
      2,880 SF

      Retail Space Near Walmart

      Retail space with high visibility near a busy intersection.
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      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
      1,496 SF

      Renovated Retail/Office Space Available

      Modern, renovated retail or office space with high-visibility signage.
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      View Details
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    Rio Rancho, NM 87124-6370
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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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