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    For Sale (15)

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    Los Lunas Land For Sale
    $85,000
    10.00 Acres

    Los Lunas Land For Sale

    10 acres of flat painted desert near amenities.

    Duarte Rd, Los Lunas, NM 87031
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    Land with Water in Los Lunas
    $60,000
    2.50 Acres

    Land with Water in Los Lunas

    Spacious homesite with water and mountain views in Los Lunas.

    Hormiga Ct, Los Lunas, NM 87031
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    Los Lunas Land For Sale
    $42,000
    2.03 Acres

    Los Lunas Land For Sale

    2.03 AC lot ready for mobile home or house.

    76 Duarte Rd, Los Lunas, NM 87031
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    Los Lunas Land Near Electric
    $42,000
    1.99 Acres

    Los Lunas Land Near Electric

    1.99 AC lot near Hwy 6 with electric access.

    Duarte Rd, Los Lunas, NM 87031
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    Land with Views in Los Lunas
    $42,000
    10.00 Acres

    Land with Views in Los Lunas

    Almost 2 acres with views near Highway 6.

    Duarte Lot 2 Rd, Los Lunas, NM 87031
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    Los Lunas Land with Views
    $45,000
    10.00 Acres

    Los Lunas Land with Views

    10 acres with panoramic views, secluded, yet close to amenities.

    Tren Lot 2 Rd, Los Lunas, NM 87031
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    Los Lunas Land For Sale
    $45,000
    5.00 Acres

    Los Lunas Land For Sale

    5 acres of land in Los Lunas, New Mexico.

    Dalies Rd, Los Lunas, NM 87031
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    Land in Los Lunas, NM
    Contact for pricing
    0.25 Acres

    Land in Los Lunas, NM

    Land available for sale in Los Lunas, New Mexico.

    300 De Haan Loop, Los Lunas, NM 87031
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    Los Lunas 10 AC Lot
    $160,000
    10.00 Acres

    Los Lunas 10 AC Lot

    10 AC lot near Los Lunas and Interstate.

    Lluvia, Los Lunas, NM 87031
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    Los Lunas Land with Views
    $160,000
    10.00 Acres

    Los Lunas Land with Views

    10 acres with easy access and stunning views.

    Duarte Rd W, Los Lunas, NM 87031
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    Albuquerque Land with Mountain Views
    $550,000
    5.00 Acres

    Albuquerque Land with Mountain Views

    5-acre building site with mountain and Rio Grande views.

    6409 Coors Blvd NW, Albuquerque, NM 87120
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    Los Lunas Acreage Ready to Build
    Contact for pricing
    2.00 Acres

    Los Lunas Acreage Ready to Build

    2 acres of surveyed land near shopping and the Interstate.

    Villa Linda Rd, Los Lunas, NM 87031
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    Los Lunas Land Ready to Build
    Contact for pricing
    2.00 Acres

    Los Lunas Land Ready to Build

    Two acre lot ready to build near shopping and food.

    Villa Linda Rd, Los Lunas, NM 87031
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    Los Lunas Land with Views
    Contact for pricing
    2.00 Acres

    Los Lunas Land with Views

    Two-acre lot ready to build with striking views.

    Villa Linda Rd, Los Lunas, NM 87031
    View details
    Belen, NM Land For Sale
    $356,000
    6.81 Acres

    Belen, NM Land For Sale

    6.81 acre commercial land with utilities in Belen, NM.

    Camino Torres Rd SW, Belen, NM 87002
    View details

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    Altura Real Estate
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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
    Altura Real Estate
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