Rio Del Oro in New Mexico
Unit 9, Block 48, Lot 28 0.25 +/- acres
if you are one of the many people becoming excited at the activity in the Los Lunas and Belen area lately, you might want to grab this property as an investment stocking stuffer. Property for sale in this area has been getting investor interest, and this is one that you can buy now at what is still a reasonable price. It's not quite close enough to the big developed areas to have had its price skyrocket yet.
Lot 28 sits along Kraft Court, about 102 yards from the Manzano Expressway and 80 yards from power. To the north is the Las Maravillas development. A nice compound has been built about 304 yards north of Lot 28. The intersection of the Manzano Expressway and Rio Del Oro Loop is half a mile north along the Expressway.
This area Is now poised to explode! Facebook's new multi-billion dollar data center complex in Los Lunas opened in 2019. Four buildings are already complete, two more are under construction, and $40 billion in construction bonds have been issued so that another six buildings can be added. In February 2025 YourCheapLand prepared a summary of recent business activity. You can read it here.
NOTE FOR INVESTORS: We have no special or insider knowledge of the area. However In our listings we have added "Investor" next to properties that we think might be of particular interest to people who are excited about area growth and looking for investment. The properties that we tag with "investor" are in areas near existing development and/or in areas where we have been seeing interest from land investors. However we are not financial consultants, you must do your own due diligence.
You can use your property for occasional RV visits while you hold it for investment. Cheap land of this quality is increasingly hard to come by.
Click here to see this property on Google Maps!
Driving directions
From Los Lunas drive west on NM-6 E / E Main St Toward Highway 314 SW.
1.6 miles later turn right onto El Cerro Road / El Cerro Loop.
0.4 mile later turn slight left onto NM-263 E / El Cerro Loop / Vigil Road.
3.3 miles later turn left onto El Cerro Mission Blvd.
0.8 mile later turn right onto Van Camp Blvd.
0.6 mile later turn right onto the Manzano Expressway.
3.7 miles turn left onto Kraft Court at 34.711254 -106.680132.
102 yards later you will be at Lot 28.
The approximate GPS coordinates of the property's corners:
Northwest 34.711051 -106.679050
Northeast 34.711016 -106.678787
Southeast 34.710648 -106.678852
Southwest 34.710684 -106.679122
Buyer Note
No business or commercial activity of any kind is allowed involving a property under loan contract. Any plans you might have of a commercial nature must wait until the property is paid for in full and ownership has been transferred to you.
| Electric | Nearby |
| Additional Notes | Investor |