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    For Sale (14)

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    Private 10-Acre Taos Building Site
    $250,000
    10.00 Acres

    Private 10-Acre Taos Building Site

    Private 10-acre building site with 360-degree views in Taos, NM.

    Calle Feliberto Lot Iib 1, Taos, NM 87571
    View details
    El Prado Land with Views
    $850,000
    170.20 Acres

    El Prado Land with Views

    Large acreage in El Prado, suitable for grazing activities.

    N Of Hwy 64, El Prado, NM 87529
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    Land with Mountain Views
    $185,000
    0.80 Acres

    Land with Mountain Views

    Arroyo Seco land with utilities and water rights.

    45 Las Animas Rd, Arroyo Seco, NM 87514
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    Ready-to-Build Land in El Prado
    $105,000
    1.00 Acre

    Ready-to-Build Land in El Prado

    Sierra de Taos parcel with utilities, close to amenities.

    75 Milano Loop, El Prado, NM 87529
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    Arroyo Seco Land Parcel
    $252,000
    16.09 Acres

    Arroyo Seco Land Parcel

    16.09-acre building parcel with utilities and mountain views.

    Cavalry Cp Rd, Arroyo Seco, NM 87514
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    El Prado Commercial Land Opportunity
    $350,000
    2.21 Acres

    El Prado Commercial Land Opportunity

    Prime commercial land near Taos, suitable for self-storage development.

    1312 Paseo Del Pueblo Norte, El Prado, NM 87529
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    Land Parcel in El Prado
    $95,000
    1.30 Acres

    Land Parcel in El Prado

    Ready-to-build land with views and utilities in place.

    188 Colonias Pointe Rd, El Prado, NM 87529
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    Taos Commercial Land For Sale
    $375,000
    3.95 Acres

    Taos Commercial Land For Sale

    Four contiguous parcels ready for building in desirable Upper Colonias.

    1 To 4, Taos, NM 87571
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    Taos, NM Building Site
    $95,000
    5.03 Acres

    Taos, NM Building Site

    Five-acre parcel suitable for building a dream home.

    5 Acres Tune Dr, Taos, NM 87571
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    Land in Ranchos de Taos
    $95,000
    3.00 Acres

    Land in Ranchos de Taos

    Ready-to-build parcel with mountain views near Taos Plaza.

    Cielo Grande Ln, Ranchos de Taos, NM 87557
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    Taos Land Ready for Building
    $375,000
    3.95 Acres

    Taos Land Ready for Building

    Four contiguous parcels in Upper Colonias ready for building.

    1 To 4, Taos, NM 87571
    View details
    Land Parcel in Hondo Mesa
    $80,000
    8.73 Acres

    Land Parcel in Hondo Mesa

    Square-shaped land parcel perfect for off-grid living near Taos.

    Tract 5, Taos, NM 87571
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    Taos Land Development Opportunity
    $395,000
    3.13 Acres

    Taos Land Development Opportunity

    Commercial land in Taos, NM, with development potential.

    119 Herdner Rd, Taos, NM 87571
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    Taos Land Development Opportunity
    $395,000
    3.13 Acres

    Taos Land Development Opportunity

    3.13-acre C-1 zoned land parcel in Taos, New Mexico.

    119 Herdner Rd, Taos, NM 87571
    View details

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    MKM Real Estate LLC
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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
    MKM Real Estate LLC
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