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    7601 Rio Grande Blvd NW Los Ranchos de Albuquerque, NM 87107
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    7601 Rio Grande Blvd NW Los Ranchos de Albuquerque, NM 87107

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    • Land
    For Sale
    $2,995,000
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    Los Ranchos Redevelopment Opportunity For Sale
    $2,995,000
    7.76 Acres

    Los Ranchos Redevelopment Opportunity

    7.76 acres in Los Ranchos de Albuquerque for redevelopment.

    7601 Rio Grande Blvd NW, Los Ranchos De Albuquerque, NM 87107
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    Property ID
    US61-0050050
    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

    • Land

    Property Details for 7601 Rio Grande Blvd NW

    Property type
    Land

    Description

    7601 Rio Grande Nw Beckons With 7.76 Acres of Rural Serenity Along Rio Grande Boulevard in Los Ranchos De Albuquerque. Despite Its Idyllic Countryside Setting Surrounded by Farms and Equestrian Facilities, This Property Offers Seamless Access to the City of Albuquerque. Boasting 302 Feet of Frontage on Rio Grande, It Extends West to the Paseo Del Bosque Trail and the Rio Grande River. With an Existing Uninhabitable Dwelling and Storage Building, the Site Presents a Golden Opportunity for Redevelopment. Envision a Grand Single-family Estate or Multiple Unique

    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
    Los Ranchos de Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.645
    Latitude
    35.1383

    Comparable in this City

    • Contact for pricing

      Large Acreage Site in Albuquerque

      9.22 acre land parcel in central Albuquerque.
      1500 Desert Surf Cir Northeast, Albuquerque, NM 87107
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      Topgolf Pad Site: Albuquerque, NM

      Prime .57-acre commercial land near Topgolf.
      1450 Montaño Rd, Albuquerque, NM 87107
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      Commercial Land in Growing Area

      Commercial land suitable for office development in Albuquerque, NM.
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      West Side Parcel For Sale

      West side parcel ideal for trucking or construction business.
      117 Aliyah Ln NW, Albuquerque, NM 87107
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    • $299,000
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      Land Parcel in North Valley

      Land divided into four lots near Valley High School.
      San Isidro St NW, Albuquerque, NM 87107
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    • New
      $2,100,000
      3.25 Acres

      Los Ranchos Acreage Opportunity

      3.25 acre lot in historic Los Ranchos neighborhood.
      4870 Rio Grande Ln NW, Los Ranchos, NM 87107
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Large Acreage Site in Albuquerque

      9.22 acre land parcel in central Albuquerque.
      1500 Desert Surf Cir Northeast, Albuquerque, NM 87107
      View Details
    • $583,500

      Topgolf Pad Site: Albuquerque, NM

      Prime .57-acre commercial land near Topgolf.
      1450 Montaño Rd, Albuquerque, NM 87107
      View Details
    • $165,000

      Commercial Land in Unser Corridor

      Land in growing area, ideal for office development.
      6356 Montano Rd NW, Albuquerque, NM 87107
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    • $435,000

      Commercial Land with Freeway Access

      1.6 acres of commercial land with easy freeway access.
      820 Rankin Rd NE, Albuquerque, NM 87107
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    • $299,000
      0.56 Acres

      Residential Land in Los Ranchos

      Residential land for sale in Los Ranchos, ready to build.
      7200 Zia Vw Ct NW, Los Ranchos, NM 87107
      View Details
    • $897,000
      0.56 Acres

      Residential Land in Los Ranchos

      Residential lots ready for building in Los Ranchos, Albuquerque.
      Zia Vw Ct NW, Los Ranchos, NM 87107
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Albuquerque Commercial Land Opportunity

      Secure .14-Acre Lot w/Income
      4004 2Nd St, Albuquerque, NM 87107
      View Details
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      4.29 Acres for Lease

      4.29 acres of land available for lease.
      1301 Renaissance Blvd NE, Los Rnchs Abq, NM 87107
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    • Contact for pricing

      Commercial Land with High Visibility

      Land suitable for fast food with drive-thru, high traffic location.
      401 Menaul Blvd NW, Albuquerque, NM 87107
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      7,310 SF

      Restaurant Pad Fronting Interstate 25

      Restaurant pad site with high traffic counts on Interstate 25.
      4040 Pan American Fwy, Albuquerque, NM 87107
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    • $1,000 /Mo
      43,124 SF

      Los Ranchos Commercial Land For Rent

      High-traffic commercial land with excellent visibility in Los Ranchos, NM.
      6401 4Th St NW, Los Ranchos, NM 87107
      View Details
    • Contact for pricing

      Prime Corner Drive-Thru Opportunity

      Corner location ideal for quick-service restaurant or retail.
      5565 4Th St Northwest, Albuquerque, NM 87107
      View Details
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    Los Ranchos de Albuquerque, NM 87107
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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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    7601 Rio Grande Blvd NW, Los Ranchos de Albuquerque, NM, 87107
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