Listed by Coldwell Banker Legacy Paseo Del Norte
$875,000
3 Acres NC Zoned Land in Rio Rancho
Details
APN 1011068434302 ;1011068434310; 1011068460310 ; 1011068460302 ;1011068460295 ;1011068434295
Property Type Retail, Multifamily
Sub Type Commercial
Square Footage 3,342
Units 2
Cap Rate 3.55%
NOI $26,494
Pro-Forma NOI $66,640
Price Per Acre $291,700
Acreage 3.000
Zoning NC (Neighborhood Commercial)
Parking Spaces 30 spaces
Parking Per SqFt 8.98
Retail | 3.55% CAP | 3,342 SqFt
Marketing description
3-acre parcel zoned NC (Neighborhood Commercial)
Each of the six lots has a water and sewer service. All other utilities are in the road.
Seller open to seller financing with 20% down.
Seller Terms for Initial Marketing Period
The seller would like to market the building and land as a package until 2/23/26. (See listing for 2104 Southern Blvd SE plus 3 Acres Vacant Land)
Individual offers will be accepted and reviewed, but the seller will not respond until after 2/23/26.
Investment highlights
- 3,342 SF retail building; C-1 zoning
- 3 electrical meters, 3 HVAC systems, and 3 exterior entrances
- Current NOI $26,494/year; current Cap Rate: 3.55%; pro forma NOI $66,640/year
- 30 parking spaces
- 3-acres
- Zoned NC: Neighborhood retail, offices, services, churches; small-scale commercial, not industrial.
- Land offered at $875,000
- Submarket: Rio Rancho
- Topography: Level
- Power Provider: Private - PNM
- Water Provider: City - Rio Rancho
- Water Line Size: 8
- Sewer: 8"
- Sewer Provider: City - Rio Rancho
- Gas Provider: Private - NM Gas
Listing Contacts
Listed by Coldwell Banker Legacy Paseo Del Norte
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,494.00
$2,207.83/mo
Valuation Metrics
0
DSCR
3.03%
Cap Rate
3.03%
ROI
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