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    For Sale (27)

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    Land For Sale, Edgewood, NM
    $36,700
    1.00 Acre

    Land For Sale, Edgewood, NM

    Land available for purchase in Edgewood, New Mexico.

    5 Drum Rd, Edgewood, NM 87015
    View details
    Albuquerque Land For Sale
    $150,000
    1.20 Acres

    Albuquerque Land For Sale

    1.2-acre commercial land available near Sage and Tower Rd SW.

    Abeyta Rd SW, Albuquerque, NM 87121
    View details
    Land For Sale, Rio Rancho
    $85,000
    0.50 Acres

    Land For Sale, Rio Rancho

    Half acre lot available in Rio Rancho, New Mexico.

    3rd 3Rd St NE, Rio Rancho, NM 87124
    View details
    Large Lot in Rio Rancho
    $76,000
    1.13 Acres

    Large Lot in Rio Rancho

    1.13 acre lot with no HOA, near Mountain Hawk.

    6316 Ilium Rd NE, Rio Rancho, NM 87144
    View details
    Los Lunas Land Opportunity
    Contact for pricing
    2.50 Acres

    Los Lunas Land Opportunity

    2.5 acres of land available in Los Lunas, NM.

    U14El12, Los Lunas, NM 87031
    View details
    Rio Rancho Commercial Land For Sale
    $600,000
    1.88 Acres

    Rio Rancho Commercial Land For Sale

    Commercial lots in Rio Rancho with high traffic frontage.

    1720 King Blvd NE, Rio Rancho, NM 87144
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    Land For Sale Moriarty, NM
    $49,700
    5.00 Acres

    Land For Sale Moriarty, NM

    5 acre land parcel available in Moriarty, New Mexico.

    Appaloosa Rd, Moriarty, NM 87035
    View details
    Mountainair Ranch with Mountain Views
    $58,000
    39.70 Acres

    Mountainair Ranch with Mountain Views

    Almost 40 acres near Cibola National Forest and Manzano State Park.

    Old Abo Trl, Mountainair, NM 87036
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    Rio Rancho Commercial Lot
    $175,000
    0.91 Acres

    Rio Rancho Commercial Lot

    Commercial lot with amazing views, near hospital and city hall.

    2217 Painted Hills Ave NE, Rio Rancho, NM 87144
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    Commercial Lot Near City Hall
    $125,000
    0.50 Acres

    Commercial Lot Near City Hall

    Commercial land for sale near city hall and downtown.

    1813 King Blvd NE, Rio Rancho, NM 87144
    View details
    Half Acre Lot, Rio Rancho
    $85,000
    0.50 Acres

    Half Acre Lot, Rio Rancho

    Half acre lot to build your dream home!

    3rd 3Rd St NE, Rio Rancho, NM 87124
    View details
    Belen, NM Land For Sale
    $200,000
    4.99 Acres

    Belen, NM Land For Sale

    4.99 acres of fenced land with well in place.

    50 Ogaz Rd, Belen, NM 87002
    View details
    Rio Rancho Land For Sale
    $75,000
    1.69 Acres

    Rio Rancho Land For Sale

    1.69 acre land parcel in Rio Rancho, New Mexico.

    814 Inca St NE, Rio Rancho, NM 87144
    View details
    Spacious Buildable Lot, No HOA
    $48,000
    0.50 Acres

    Spacious Buildable Lot, No HOA

    Buildable 1/2 acre lot in up-and-coming Mountain Hawk Neighborhood.

    6207 Fletcher Rd NE, Rio Rancho, NM 87144
    View details
    Land in San Acacia, NM
    $105,000
    5.00 Acres

    Land in San Acacia, NM

    5-acre commercial land for sale in San Acacia, NM.

    E Frontage Tract B1 Rd, San Acacia, NM 87831
    View details
    Commercial Lot in Downtown Rio Rancho
    $125,000
    0.50 Acres

    Commercial Lot in Downtown Rio Rancho

    Commercial lot in developing downtown Rio Rancho, ready for development.

    2116 Painted Hills Ave NE, Rio Rancho, NM 87144
    View details
    Land in Rio Rancho, NM
    Contact for pricing
    0.50 Acres

    Land in Rio Rancho, NM

    Residential land for sale in Rio Rancho, New Mexico.

    Evergreen Rd NE, Rio Rancho, NM 87144
    View details
    Acre Corner Lot in Rio Rancho
    $110,000
    1.00 Acre

    Acre Corner Lot in Rio Rancho

    One-acre corner lot with views and no HOA in Rio Rancho.

    320 3Rd St NE, Rio Rancho, NM 87124
    View details
    Land in Developing Neighborhood
    Contact for pricing
    0.31 Acres

    Land in Developing Neighborhood

    Land plot in desirable, developing Grants neighborhood. Utilities nearby.

    N Hills Blvd, Grants, NM 87020
    View details
    Land in Developing Grants Neighborhood
    Contact for pricing
    0.47 Acres

    Land in Developing Grants Neighborhood

    Land in desirable Grants neighborhood with utilities nearby.

    N Hills Blvd, Grants, NM 87020
    View details
    Albuquerque Land with Utilities
    $60,000
    0.13 Acres

    Albuquerque Land with Utilities

    Land suitable for manufactured or custom home with utilities.

    1536 Foot Hill Rd SW, Albuquerque, NM 87105
    View details
    Land in Thunderbird Mountain Estates
    $30,000
    0.90 Acres

    Land in Thunderbird Mountain Estates

    0.9-acre lot with mountain views near Albuquerque.

    367 Thunderbird Ln, Tijeras, NM 87059
    View details
    Commercial Frontage Acre Near City
    $125,000

    Commercial Frontage Acre Near City

    Commercial land near City Hall, UNM, CNM, and Santa Ana.

    1805 King Blvd NE, Rio Rancho, NM
    View details
    Rio Rancho Commercial Lots
    $750,000

    Rio Rancho Commercial Lots

    Commercial lots in downtown Rio Rancho near UNM Hospital.

    1720 King Blvd NE, Rio Rancho, NM
    View details
    Ranch Land with Mountain Views
    $58,000

    Ranch Land with Mountain Views

    Almost 40 acres of ranch land near Cibola National Forest.

    19852 Us-60, Mountainair, NM
    View details
    Polvadera Land For Sale
    $105,000

    Polvadera Land For Sale

    Land available on I-25 Frontage Rd, Polvadera, NM

    510 Frontage Rd, Polvadera, NM 87828
    View details
    Commercial Land Near Rio Rancho
    $450,000

    Commercial Land Near Rio Rancho

    1.5 acres of commercial land near downtown Rio Rancho.

    3521 Unser Blvd NE, Rio Rancho, NM 87124
    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
    RE/MAX EXCLUSIVE
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