2320 Idalia Rd NE

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2320 Idalia Rd NE

Rio Rancho, NM 87124
Asking Price
$99K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 0.62 acres total.
  • Property is listed for sale at 98,750 dollars.
  • Site features views of the local mountain range.
  • Located within a developing neighborhood in Rio Rancho.
  • Build-to-suit potential for residential development projects.

What's Special

Rio Rancho serves as a significant residential and commercial hub within the Albuquerque metropolitan area, benefiting from steady regional growth and proximity to major regional infrastructure. This 0.62-acre parcel of residential land sits at 2320 Idalia Rd NE, offering a build-to-suit opportunity in a developing neighborhood. The site provides views of the surrounding mountains, characteristic of the high-desert landscape found throughout Sandoval County. This location suits investors or individuals looking to capitalize on land development within an established suburban expansion zone. The property allows for flexibility in project scope, whether for a primary residential home or a long-term investment holding. Its positioning within a growing sector of the Rio Rancho market makes it a viable candidate for builders targeting the local housing demand. Given the ongoing development patterns in this part of New Mexico, this land represents a clear entry point into the residential housing market.

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NOI
$80,000
Cap Rate
81.01%
DSCR
13.65
Strong
Cash-on-Cash
250.25%
Monthly Payment
$488.561
Annual Cash Flow
$74,137.267

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