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    Residential Lot in Rio Rancho
    $32,500
    0.50 Acres

    Residential Lot in Rio Rancho

    Extra wide lot ready for a custom home.

    5130 Heller Ct NE, Rio Rancho, NM 87144
    View details
    Expansive Land with Mountain Views
    $560,000
    3.41 Acres

    Expansive Land with Mountain Views

    3.41-acre lot in Corrales with 360-degree mountain views.

    Desert Luna Rd, Corrales, NM 87048
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    Rio Rancho Building Lot
    Contact for pricing
    0.50 Acres

    Rio Rancho Building Lot

    Building lot with Sandia Mountain views in Rio Rancho.

    5113 Hummell Rd NE, Rio Rancho, NM 87144
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    Residential Land in Rio Rancho
    Contact for pricing
    0.50 Acres

    Residential Land in Rio Rancho

    Building lot with Sandia Mountain views in Rio Rancho.

    5105 Hummell Rd NE, Rio Rancho, NM 87144
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    Rio Rancho Building Lot
    Contact for pricing
    0.50 Acres

    Rio Rancho Building Lot

    Residential land for sale in Rio Rancho, New Mexico.

    5109 Hummell Rd NE, Rio Rancho, NM 87144
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    Rio Rancho Building Lot
    Contact for pricing
    0.50 Acres

    Rio Rancho Building Lot

    Residential land available in Rio Rancho, New Mexico.

    5101 Hummell Rd NE, Rio Rancho, NM 87144
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    Rio Rancho Land For Sale
    $405,000
    2.49 Acres

    Rio Rancho Land For Sale

    Investment lot for future commercial development in high-traffic area.

    2801 Willow Creek Rd NE, Rio Rancho, NM 87144
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    Residential Lot in Rio Rancho
    $84,500
    1.64 Acres

    Residential Lot in Rio Rancho

    Oversized lot in Rio Rancho surrounded by custom homes.

    1601 Nez Perce Loop NE, Rio Rancho, NM 87144
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    Residential Land in Rio Rancho
    $60,000
    0.50 Acres

    Residential Land in Rio Rancho

    Ready build lot with views for a custom home.

    3103 Oculus Loop NE, Rio Rancho, NM 87144
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    Rio Rancho Land For Sale
    $399,500
    1.00 Acre

    Rio Rancho Land For Sale

    One-acre lot with flexible zoning and mountain views in Rio Rancho.

    561 Vortex Rd NE, Rio Rancho, NM 87124
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    Rio Rancho Commercial Investment Lot
    $39,500
    0.50 Acres

    Rio Rancho Commercial Investment Lot

    Commercial lot zoned C-2 in path of growth.

    2006 Winchester Ave NE, Rio Rancho, NM 87144
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    Rio Rancho Land For Sale
    $95,000
    0.77 Acres

    Rio Rancho Land For Sale

    0.77 acre lot in Mariposa, ready to build.

    2409 Desert Marigold Rd NE, Rio Rancho, NM 87144
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    Rio Rancho Investment Lot
    Contact for pricing
    0.50 Acres

    Rio Rancho Investment Lot

    Investment lot available in Rio Rancho, close to utilities.

    5029 Hummell Rd NE, Rio Rancho, NM 87144
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    Rio Rancho Land For Sale
    $32,500
    0.83 Acres

    Rio Rancho Land For Sale

    Large corner lot ready to build with utilities nearby.

    5317 Kennard Rd NE, Rio Rancho, NM 87144
    View details
    Corrales Land with Mountain Views
    $375,500
    1.09 Acres

    Corrales Land with Mountain Views

    1.09-acre lot in Corrales with Sandia Mountain views.

    60 Blue Sky, Corrales, NM 87048
    View details
    Corrales Land with Mountain Views
    $325,500
    1.00 Acre

    Corrales Land with Mountain Views

    One-acre lot in Corrales with Sandia Mountain views.

    20 Blue Sky, Corrales, NM 87048
    View details
    Corrales, NM: 1-Acre Home Lot
    $355,000
    1.00 Acre

    Corrales, NM: 1-Acre Home Lot

    1-acre lot in Corrales with mountain views, ready for building.

    40 Blue Sky, Corrales, NM 87048
    View details
    Corrales Land with Mountain Views
    $375,500
    1.09 Acres

    Corrales Land with Mountain Views

    1.09-acre lot in Corrales with Sandia Mountain views.

    60 Blue Sky, Corrales, NM 87048
    View details
    Corrales Land with Mountain Views
    $355,000
    1.00 Acre

    Corrales Land with Mountain Views

    One-acre lot in Corrales with Sandia Mountain views.

    40 Blue Sky, Corrales, NM 87048
    View details
    Corrales Land with Mountain Views
    $325,500
    1.00 Acre

    Corrales Land with Mountain Views

    One-acre lot in Corrales with Sandia Mountain views.

    20 Blue Sky, Corrales, NM 87048
    View details
    Residential Land in Rio Rancho
    $45,000
    1.23 Acres

    Residential Land in Rio Rancho

    Residential land lot available in Rio Rancho, New Mexico.

    3691 Kaiser Rd NE, Rio Rancho, NM 87144
    View details
    Corrales Land with Mountain Views
    $430,000
    1.00 Acre

    Corrales Land with Mountain Views

    One-acre custom home lot in the heart of Corrales.

    525 Coronado Rd, Corrales, NM 87048
    View details
    Rio Rancho Oversized Lot
    $37,500
    0.87 Acres

    Rio Rancho Oversized Lot

    Oversized 0.87 acre lot in Niklas Ridge, Rio Rancho.

    5208 Bachmann Ct NE, Rio Rancho, NM 87144
    View details
    Rio Rancho Land Investment Opportunity
    $37,500
    0.65 Acres

    Rio Rancho Land Investment Opportunity

    Oversized lot in Niklas Ridge ready for a custom home.

    5214 Nambe Rd NE, Rio Rancho, NM 87144
    View details
    Rio Rancho Land For Sale
    Contact for pricing
    0.50 Acres

    Rio Rancho Land For Sale

    0.5 acre lot ready for a new custom home.

    5114 Liszt Ct NE, Rio Rancho, NM 87144
    View details
    Rio Rancho Investment Lot
    Contact for pricing
    0.50 Acres

    Rio Rancho Investment Lot

    0.5 acre lot in Niklas Ridge ready for custom home.

    5110 Liszt Ct NE, Rio Rancho, NM 87144
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Absolute Real Estate
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