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    For Sale (22)

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    Alto, NM Golf Course Lot
    Contact for pricing
    0.50 Acres

    Alto, NM Golf Course Lot

    Corner lot with golf membership and view potential.

    228 Antler Dr, Alto, NM 88312
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    Ruidoso Land with Mountain Views
    $425,000
    4.45 Acres

    Ruidoso Land with Mountain Views

    Residential land with panoramic views near Ski Apache Resort.

    100 + Milagro Hl Ct, Ruidoso, NM 88345
    View details
    Land For Sale, Alto, NM
    $45,000
    1.00 Acre

    Land For Sale, Alto, NM

    Residential land available in Alto, New Mexico.

    270A Saddleback Rd, Alto, NM 88312
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    Alto, NM Land For Sale
    Contact for pricing
    1.00 Acre

    Alto, NM Land For Sale

    One acre of residential land available in Alto, New Mexico.

    Antler Dr, Alto, NM 88312
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    Alto, NM Acre Lot
    $129,500
    1.00 Acre

    Alto, NM Acre Lot

    One acre lot with views and golf membership opportunity.

    243 Deer Park Dr, Alto, NM 88312
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    Ruidoso Land with Mountain Views
    $99,500
    0.65 Acres

    Ruidoso Land with Mountain Views

    0.65 acre homesite with breathtaking views in upscale neighborhood.

    312 Mcbride Dr, Ruidoso, NM 88345
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    Alto Golf Membership Lot
    Contact for pricing
    1.22 Acres

    Alto Golf Membership Lot

    Approximately 1.22-acre lot with golf membership and southern exposure.

    Bobcat Trl, Alto, NM 88312
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    Prime Commercial Opportunity on Sudderth
    $585,000
    2,687 SF

    Prime Commercial Opportunity on Sudderth

    Commercial building suitable for office, retail, or mixed-use development.

    1309 Sudderth Dr, Ruidoso, NM 88345
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    Level Lot with Mountain Views
    $84,500
    0.25 Acres

    Level Lot with Mountain Views

    Residential land in Ruidoso, NM, with utilities and mountain views.

    101 Bogie Ln, Ruidoso, NM 88345
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    Residential Lot in Ruidoso, NM
    $49,500
    0.41 Acres

    Residential Lot in Ruidoso, NM

    0.41 acre lot in Middle Cedar Subdivision, Ruidoso, NM.

    124 Bluebelle Ln, Ruidoso, NM 88345
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    Buildable Lot in Alto, NM
    $42,000
    0.79 Acres

    Buildable Lot in Alto, NM

    0.79 acre lot with golf membership opportunity.

    Stable Rd, Alto, NM 88312
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    Ruidoso Land with Sierra Views
    $94,500
    0.58 Acres

    Ruidoso Land with Sierra Views

    Buildable 0.58 acre lot with city utilities and views.

    205 Timberline Pl, Ruidoso, NM 88345
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    Residential Land Near Grindstone Lake
    $60,000
    0.41 Acres

    Residential Land Near Grindstone Lake

    0.407 acre lot near National Forest and Grindstone Lake.

    205 Sunrise Ct, Ruidoso, NM 88345
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    Residential Land Near National Forest
    $60,000
    0.87 Acres

    Residential Land Near National Forest

    0.869 acre lot near National Forest and Grindstone Lake.

    206 Mountain High Cir, Ruidoso, NM 88345
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    Residential Land Near Grindstone Lake
    $95,000
    0.48 Acres

    Residential Land Near Grindstone Lake

    0.485 acre lot near National Forest and Grindstone Lake.

    104 Middle Frk, Ruidoso, NM 88345
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    Ruidoso Land For Sale
    Contact for pricing
    0.13 Acres

    Ruidoso Land For Sale

    0.13 acre lot with Village utilities access in Ruidoso.

    405 Brady Canyon Rd, Ruidoso, NM 88345
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    Alto, NM Acreage with Views
    $49,500
    1.06 Acres

    Alto, NM Acreage with Views

    Residential land with mountain views and golf membership potential.

    Cochiti Ct, Alto, NM 88312
    View details
    Alto, NM Acreage with Views
    $145,000
    1.02 Acres

    Alto, NM Acreage with Views

    Approximately 1.017-acre lot with mountain views in Alto, New Mexico.

    13 A, Alto, NM 88312
    View details
    Commercial Property with Remodeled Homes
    $925,000
    4,260 SF

    Commercial Property with Remodeled Homes

    Commercial property in Alto, NM with remodeled homes and industrial yard.

    1074/1078 Lot 3 & 4A, Alto, NM 88312
    View details
    Alto, NM Land with Views
    $145,000
    2.60 Acres

    Alto, NM Land with Views

    2.6 acre lot with wooded-valley views in Deer Park.

    T15B Partridge Ct, Alto, NM 88312
    View details
    Ruidoso Land with Building Potential
    Contact for pricing
    0.25 Acres

    Ruidoso Land with Building Potential

    Corner lot in Ruidoso, NM, ready for building.

    200 Alamo Dr, Ruidoso, NM 88345
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    Alto, NM Residential Lot
    $59,500
    0.62 Acres

    Alto, NM Residential Lot

    Residential lot in Alto, NM with golf membership opportunity.

    Ute Ct, Alto, NM 88312
    View details

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    Loverin 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
    Loverin Real Estate
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