3301 Southern BlvdRio Rancho, NM 87124

Property Details for 3301 Southern Blvd

Year built

1998

Lot size

0.80 AC

Property size (Sq ft)

11,027 SF

Property type

Retail properties

Property subtype

Community centers

APN

1-013-068-057-388

APU

1013068057388

Description

This exceptional 1.603-acre commercial land parcel is located at 3301 Southern Blvd SE in Rio Rancho, New Mexico, 87124. Zoned SU, this property offers significant potential for various commercial developments. Situated in a high-traffic area of the Country Club Plaza, it benefits from exceptional visibility and convenient access. The site is part of a thriving retail center anchored by established businesses including Planet Fitness, Arby's, Dollar General, Brew Lab, and Elevate Trampoline Park. Ample parking is available with cross-parking throughout, and multiple access points, including signalized intersections, ensure easy ingress and egress. The property's proximity to Rio Rancho's first Raising Cane's further enhances its desirability. This prime location presents a unique opportunity to build a new commercial venture in a dynamic and growing community. The asking price for this exceptional land is $475,000. Don't miss this chance to secure a prominent position in a successful retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $2,321,588

  6.5%

  $2,143,004

  7%

  $1,989,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,366,402

  Geo Method

  $2,295,848

• Alternative Use

  Use

  Valuation

  Residential

  $1,807,704

  Hospitality

  $1,655,847

  Educational

  $1,377,645

  Medical

  $1,425,025

  Retail

  $2,143,004

Location Insight

City

Rio Rancho

County

Sandoval

State

New Mexico

Latitude

35.2425

Longitude

-106.671

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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