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    For Sale (17)

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    Arroyo Hondo Acreage with Views
    $89,000
    8.45 Acres

    Arroyo Hondo Acreage with Views

    8.45 acres near Taos with mountain and sunset views.

    Trl A Los Rios Rd, Arroyo Hondo, NM 87513
    View details
    Arroyo Hondo Land For Sale
    $48,000
    3.00 Acres

    Arroyo Hondo Land For Sale

    Tree-covered, sloping 3-acre lot near Taos, NM.

    1 Miles Acequia Madre Del Llano B006, Arroyo Hondo, NM 87513
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    Taos Land with Views
    $54,000
    1.00 Acre

    Taos Land with Views

    One-acre building site in Taos, New Mexico, with desirable views.

    2 Conejo Rd, Taos, NM 87571
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    Expansive Land with Mountain Views
    $269,000
    3.59 Acres

    Expansive Land with Mountain Views

    3.59-acre homesite in Blueberry Hill neighborhood with panoramic mountain views.

    Eototo Rd, El Prado, NM 87529
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    20 Acre Land Parcel Available
    $69,500
    20.00 Acres

    20 Acre Land Parcel Available

    Vacant 20-acre land parcel in Tres Piedras, New Mexico.

    3B Bald Eagle Subdivision, Tres Piedras, NM 87577
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    Land in Bald Eagle Subdivision
    $69,500
    20.00 Acres

    Land in Bald Eagle Subdivision

    20-acre land parcel near Rio Grande Gorge.

    3A Bald Eagle Subdivision, Tres Piedras, NM 87577
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    Land in Bald Eagle Subdivision
    $69,500
    20.00 Acres

    Land in Bald Eagle Subdivision

    20-acre land parcel in Tres Piedras, New Mexico.

    3C Bald Eagle Subdivision, Tres Piedras, NM 87577
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    20 Acres of Vacant Land
    $69,500
    20.00 Acres

    20 Acres of Vacant Land

    Vacant land near Taos with mountain views.

    3D Bald Eagle Subdivision, Tres Piedras, NM 87577
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    Land in El Prado, NM
    $59,900
    1.00 Acre

    Land in El Prado, NM

    Affordable one-acre lot with utilities and mountain views.

    Toda Vista Rd, El Prado, NM 87529
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    Taos Land For Sale
    $229,900
    2.00 Acres

    Taos Land For Sale

    Two-acre building site in a sought-after Taos neighborhood.

    Tract D Witt Rd, Taos, NM 87571
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    Land in Off-Grid Community
    $75,000
    19.95 Acres

    Land in Off-Grid Community

    20-acre land parcel in Taos, NM, for off-grid living.

    Cielito Grande Rd, Taos, NM 87571
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    Taos Land with Mountain Views
    $60,000
    5.00 Acres

    Taos Land with Mountain Views

    Five-acre homesite in off-grid community, close to Taos.

    Cielito Grande Rd, Taos, NM 87571
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    Taos Land with Water Rights
    $169,000
    1.00 Acre

    Taos Land with Water Rights

    One-acre lot with water rights, near Taos Plaza.

    2 Coca Ln, Taos, NM 87571
    View details
    Valdez Land with River Frontage
    $1,545,000
    300.00 Acres

    Valdez Land with River Frontage

    300-acre land parcel with Rio Hondo river frontage.

    Deer Mesa, Valdez, NM 87580
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    Expansive Land Parcel with Views
    $375,000
    126.30 Acres

    Expansive Land Parcel with Views

    126+ acre land parcel with mountain views near Taos.

    State Hwy 64, El Prado, NM 87529
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    Arroyo Hondo Land with Views
    $175,000
    10.00 Acres

    Arroyo Hondo Land with Views

    10-acre parcel in Arroyo Hondo with mountain views.

    11 Trementina, Arroyo Hondo, NM 87513
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    Arroyo Hondo Land with Views
    $175,000
    10.00 Acres

    Arroyo Hondo Land with Views

    10-acre parcel in Arroyo Hondo with mountain views.

    12 Trementina Rd, Arroyo Hondo, NM 87513
    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
    Dreamcatcher Real Estate
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