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    Large Vacant Land Parcel
    $199,999
    111.51 Acres

    Large Vacant Land Parcel

    111.51 acre vacant land with views and rock formations.

    3239 Hwy 53, Ramah, NM 87321
    View details
    Land with Lake Views
    $65,000
    5.40 Acres

    Land with Lake Views

    5.4 acres with lake views in Timberlake, Ramah, NM.

    Sunflower Dr, Ramah, NM 87321
    View details
    Land in Timberlake Ranch, Ramah
    $45,000
    5.81 Acres

    Land in Timberlake Ranch, Ramah

    5.81 acres with power, trees, and views near forest.

    Yucca Dr, Ramah, NM 87321
    View details
    Land with Views in Ramah
    $60,000
    5.79 Acres

    Land with Views in Ramah

    5.79 acres with views, power, and owner financing.

    Monte Vis Ln, Ramah, NM 87321
    View details
    Land in Timberlake Ranch
    $39,000
    5.58 Acres

    Land in Timberlake Ranch

    5.58 acres in Timberlake Ranch Subdivision with owner financing.

    E Elk Rd, Ramah, NM 87321
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    Land in Timberlake Ranch Community
    $39,900
    5.19 Acres

    Land in Timberlake Ranch Community

    5.19 acre lot with owner financing and community amenities.

    Sunflower Dr, Ramah, NM 87321
    View details
    Land with Meadow and Views
    Contact for pricing
    4.75 Acres

    Land with Meadow and Views

    4.75 acres of land suitable for camping or building.

    Country Ln, Ramah, NM 87321
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    Land with Views and Utilities
    $39,000
    5.40 Acres

    Land with Views and Utilities

    5.4 acres of land with power, meadows, and views.

    E Elk Dr, Ramah, NM 87321
    View details
    Land with Lake Views
    $84,999
    6.19 Acres

    Land with Lake Views

    6.19 acres with lake views in Ramah, New Mexico.

    Sunflower Dr, Ramah, NM 87321
    View details
    Land in Timberlake Ranch Subdivision
    $40,000
    5.36 Acres

    Land in Timberlake Ranch Subdivision

    5.36 acre land with views and owner financing.

    Sunflower Dr, Ramah, NM 87321
    View details
    Land with Lake and Cliff Views
    $46,000
    5.69 Acres

    Land with Lake and Cliff Views

    5.69 acre lot with lake views near Cibola National Forest.

    Sunflower Dr, Ramah, NM 87321
    View details
    Land with Meadow and Views
    Contact for pricing
    5.04 Acres

    Land with Meadow and Views

    5.04 acres of land with open space and views.

    Country Ln, Ramah, NM 87321
    View details
    Land Near El Malpais
    $52,000
    29.87 Acres

    Land Near El Malpais

    29.87 acres with power, pond, shed, borders BLM land.

    10 Camino De Fusilero Rd, Ramah, NM 87321
    View details
    Land in Ramah, New Mexico
    $100,000
    7.00 Acres

    Land in Ramah, New Mexico

    7-acre commercial land with well, views, and easy access.

    Timberlake Rd, Ramah, NM 87321
    View details
    Ramah, NM Land for Sale
    $60,000
    6.78 Acres

    Ramah, NM Land for Sale

    6.78 acres of land with well, suitable for recreation.

    Cottonwood Ln, Ramah, NM 87321
    View details

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    Sandia Peak Realty
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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
    Sandia Peak Realty
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