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    140-Acre Residential View Parcel
    $349,900
    140.00 Acres

    140-Acre Residential View Parcel

    Residential land with 100+ mile views near Las Vegas, NM.

    139 Apache Mesa Rd, Las Vegas, NM 87701
    View details
    Santa Fe Land Parcel
    Contact for pricing
    4.40 Acres

    Santa Fe Land Parcel

    4.4 acre off-grid land parcel in Santa Fe, NM

    Wildass Rd, Santa Fe, NM 87501
    View details
    Land in Tierra de Dios
    $124,900
    10.02 Acres

    Land in Tierra de Dios

    10.02 acre lot with water and power installed.

    129 Tierra De Dios, Rowe, NM 87562
    View details
    Santa Fe Land with Mountain Views
    $324,900
    10.70 Acres

    Santa Fe Land with Mountain Views

    10+ acre parcel with water well and mountain views.

    133 Paseo De La Tierra, Santa Fe, NM 87506
    View details
    Residential Land in Tierra Grande
    Contact for pricing
    10.86 Acres

    Residential Land in Tierra Grande

    Residential building parcel with mountain views near Belen, New Mexico.

    Canilla Loop, Belen, NM 87002
    View details
    Santa Fe Land with Views
    $95,000
    12.49 Acres

    Santa Fe Land with Views

    12.5-acre parcel with spectacular views and building site.

    10 Pacheco Meadows Ln, Santa Fe, NM 87506
    View details
    Vacant Land Home Site
    Contact for pricing
    4.58 Acres

    Vacant Land Home Site

    Usable 4.58-acre vacant land for home site in Moriarty, NM.

    Shetland St, Moriarty, NM 87035
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    Vacant Land in Moriarty, NM
    Contact for pricing
    4.81 Acres

    Vacant Land in Moriarty, NM

    4.81-acre vacant land parcel suitable for manufactured homes.

    Roan Ave N, Moriarty, NM 87035
    View details
    Land with Water Well Access
    $174,900
    38.80 Acres

    Land with Water Well Access

    38.8 acres with shared well and power.

    305 A Cr B29A, Villanueva, NM 87583
    View details
    Santa Fe Land with Views
    $95,000

    Santa Fe Land with Views

    Approximately 12.5 acres with potential building site and views.

    10 Pacheco Meadows Ln, Santa Fe, NM 87506
    View details
    Land with Scenic Views
    $95,000

    Land with Scenic Views

    Approximately 12.5-acre land parcel with potential building site.

    10 Pacheco Meadows Ln, Santa Fe, NM 87506
    View details

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    • For Sale

    Properties for sale

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    Ken Ahler Real Estate Co., Inc.
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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
    Ken Ahler Real Estate Co., Inc.
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