LOCATION & SIZE

The subject property is a 5 acre lot located in Rancho Rio Grande, a residential subdivision situated just west of Belen and less than thirty minutes south of Albuquerque.

The Rancho Rio Grande subdivision was first created and platted in the late 1950’s. It is a sprawling region which occupies thousands of acres of land across both Valencia and Socorro counties just west of the Rio Grande River and the I-25 corridor.

A hidden gem of local real estate, this community has seen considerable development over the past decade due to its generously portioned lot sizes as well as its proximity to Albuquerque. Evidenced by its consistently increasing property values, the Rancho Rio Grande subdivision stands out as an excellent location for developers as well as investors.

LEGAL INFORMATION

When we speak of property we typically use an address — 123 Main Street for instance.

As most vacant land does not have a physical address, however, county governments will identify it in other ways, such as a “legal description”, a parcel number or a tax code. The information provided in the table above are the ways in which the various state and county agencies will identify this specific parcel of land. These signifiers are important to have when speaking with these agencies – whether they be the assessor, the zoning office, or even the local utilities – and may prove invaluable when initiating conversations about whatever research a buyer intends to do.

Whenever one exists or has been assigned to the land, the physical address will be included in the Property Details section.

ACCESS & UTILITIES

Roads & Access: The subject property is located along Capri Road just north of Pantera Road. While most of the roads leading out to the property are either paved or well-maintained dirt and gravel and hence safe to drive in any vehicle type, from Pantera heading north Capri is a largely unmaintained dirt road. Because of this, anyone scouting the land is advised to take a larger truck or off-road capable vehicle.

Roads & Access Cont’d: It should be noted that depending on the map, the road the subject property is located on is either identified as Capri Road or Muchacha Road. Given the lack of street signs in this area, it’s important to note this discrepancy before scouting the land.

Power & Utilities: While there are no residential power lines or underground utilities on this property’s immediate parcel boundaries, the nearest ones can be found roughly 1,500 feet south servicing a number of developed home sites along Pantera Road and the surrounding streets. While that may not seem close enough for affordable extension or connection opportunities, it should be noted that this subdivision has been earmarked by local utilities for continued annual expansion. This explains the underground gas and fiber optic cable lines marked throughout the region. Anyone looking to investigate the cost and logistics of getting connected to the grid is encouraged to contact PNM, the utility company servicing this region.

Power & Utilities, Cont’d: It should be noted that while residential power lines do not currently run along this part of Capri Road, given the pace at which this region gets developed, it would not surprise us if PNM had plans to extend their footprint along this part of the road or further south in this subdivision within the coming years.

ZONING & RESTRICTIONS

Zoning: Rancho Rio Grande is zoned RR-1 or Rural Residential 1, a designation which is “intended to accommodate rural residential development at an anticipated magnitude or density level that does not require more than a very basic level of services, such as single local-road access, individual domestic wells and septic tank sewage-disposal systems and rural fire protection…” This designation allows for everything from single family residences to mobile and modular homes and some farming uses. Anyone looking to learn more about the RR-1 zoning designation is encouraged to read this PDF which is an excerpt from the Valencia County Zoning Ordinance.

Zoning, More: Some notable provisions in the RR-1 zoning designation include: RVs may not be used as a principle dwelling but only during construction of the principle dwelling or with certain conditional use permits; Maximum building height for dwellings is 30 feet while other structures can be 45 feet; Livestock may be kept on a property but only when the property has been fenced; Number of livestock per property is specific to the square footage of the land and the type of animal; Lots may be subdivided to no less than one acre in size.

No HOA: The Rancho Rio Grande subdivision has no HOA and there are no annual dues associated with land ownership here.

Covenants & Restrictions: The Rancho Rio Grande subdivision also features no recorded covenants on file with the County enumerating any subdivisions restrictions. Because of this, anyone looking to develop land in this region will need only familiarize themselves with the zoning.

TITLE INFO

Conveyance Document: This property will be conveyed one of two ways depending on how the buyer elects to fund and close the transaction. For anyone electing to pay our Company directly and outside of escrow, Hemingway Land will provide a Special Warranty Deed. For anyone electing to close through title and escrow and purchase title insurance, Hemingway Land will provide a Warranty Deed.

HELPFUL LINKS

The Hemingway Land Company does our best to represent the properties we list as accurately as possible. Our research, however, will always be limited.

Because of this, included in the table to the right is a list of the relevant state and county governments, agencies and authorities as well as local utilities (and all their respective websites and contact information) which should help to answer any questions a buyer may have about developing this specific property.

Whenever possible it is best to speak with these agencies first as they will always be a far greater source of information about the local region and the regulations which govern it.

Valencia County Assessor’s Office (505) 866-2065 (Click Here)

Valencia County Planning & Zoning (505) 866-2050 (Click Here)

Valencia County Comprehensive Land Use Plan (Click Here)

PNM (888) 342-5766 (Click Here)

New Mexico State Engineer (505) 827-6091 (Click Here)

Well Drilling Info (Click Here)

Well Drilling Permit Application (Click Here)

MISCELLANEOUS

Subdividing: As Rancho Rio Grande is zoned RR-1, this means that a developed home site can exist on a parcel of land no smaller than 1 acre in size. As the subject property as well as all of the surrounding parcels are five acres in size, it has led a number of entrepreneurial types to subdivide and resell their five acre parcel as four smaller 1.25 acre lots. Point being, while the subject property can work as an excellent buy-and-flip or buy-and-hold investment, it also has the potential for greater profit by further subdividing and reselling the “child parcels” for more.

About Rancho Rio Grande: The Rancho Rio Grande subdivision was first created and platted in the late 1950’s. It is a sprawling region which occupies thousands of acres of land across both Valencia and Socorro counties just west of the Rio Grande River and the I-25 corridor.

When this region was first created, the developer subdivided all of the land into generously portioned five acre parcels. Because of this, the subdivision has remained to this day, one of the best and most affordable parts of this rapidly expanding county to purchase a larger chunk of land for a reasonable price. Additionally, because it’s one of the few parts of the county that wasn’t overly subdivided, the landowners in this region have historically displayed greater “pride of ownership” in how they’ve passed the land from one generation to the next and ultimately how they have developed said land.

This is why despite its rural nature, the Rancho Rio Grande subdivision, particularly on the Valencia County side, has seen both modest growth and support services to accommodate that growth, in the subsequent years. Put another way, because people decided to build out here, the County maintained the roads and the utility companies outfitted the area with power, phone and internet. This is why even the parcels of land in the less developed parts of the subdivision should be easier and more affordable to develop than other similar regions in the same county.

NEARBY TOWNS

Because of its close proximity to both Belen as well as Los Lunas, the Rancho Rio Grande subdivision has easy access to groceries and supplies as well as big box stores such as Walmart and Home Depot. Additionally, plenty of fast-food restaurants, gas stations, post offices, banks, medical facilities and other daily necessities can be found within easy driving distance of this region. Furthermore, Albuquerque, the largest city in the state, is just a quick thirty-minute drive north along the I-25 and is likely to have whatever product or service you can’t procure in Belen or nearby Los Lunas.

Commuting To Albuquerque: As noted, the largest and most populous city in the state is just a half hour drive north along the highway. Because of this, this region and the surrounding areas are sometime referred to as “bedroom communities” of the neighboring Albuquerque Metro Area. It should be noted, however, that for anyone looking to work in the city while living out here, the Rio Metro Rail Line may be a welcome alternative to highway commutes as it provides daily transportation between Belen and as far north as Santa Fe.

Los Lunas: 17 miles (25 min)

Albuquerque: 41 miles (44 min)

Rio Rancho: 53 miles (57 min)

Truth or Consequences: 120 miles (1 hr 48 min)

NEARBY ATTRACTIONS

Things To Do In Albuquerque: (Click Here)

Elephant Butte Lake: (Click Here)

Rio Metro: (Click Here)

Abo Canyon: (Click Here)

Bosque Del Apache National Wildlife Refuge: (Click Here)

Manzano Mountains State Park: (Click Here)

Rio Salado River: (Click Here)

Salinas Pueblo Missions National Monument: (Click Here)