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    For Sale (36)

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    Mountain Property Near Santa Fe
    $175,000
    5.00 Acres

    Mountain Property Near Santa Fe

    5-acre mountain property, 20 minutes from Santa Fe's downtown.

    Tract 7-2 La Posta Way, Santa Fe, NM 87505
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    Las Campanas Homesite with Mountain Views
    $235,000
    1.72 Acres

    Las Campanas Homesite with Mountain Views

    1.72 acre homesite with utilities, gated access, and security.

    16 Calle Ventoso W, Santa Fe, NM 87506
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    Land in Las Campanas, Santa Fe
    $195,000
    2.68 Acres

    Land in Las Campanas, Santa Fe

    2.68 acre lot with utilities and views in gated community.

    4 Hacienda Vaquero, Santa Fe, NM 87501
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    Pena Blanca Land Opportunity
    $325,000
    8.42 Acres

    Pena Blanca Land Opportunity

    8.42-acre lot ideal for building a dream home.

    59 Arroyo Leyba Rd, Pena Blanca, NM 87041
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    Remote Land in Ortiz Foothills
    $99,000
    39.94 Acres

    Remote Land in Ortiz Foothills

    39.94 acres in a remote, accessible location.

    185 Stoney Rd, Cerrillos, NM 87010
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    Las Campanas Home Site
    $250,000
    1.53 Acres

    Las Campanas Home Site

    Desirable lot in Las Campanas with mountain views and utilities.

    11 Lookout Ln, Santa Fe, NM 87506
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    Land with Sunset View
    $140,000
    1.65 Acres

    Land with Sunset View

    Residential land with community amenities near Santa Fe.

    5 Dovela Pl, Santa Fe, NM 87508
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    Santa Fe Land Parcel
    $595,000
    3.07 Acres

    Santa Fe Land Parcel

    3.07 acre land parcel in Santa Fe, New Mexico.

    2 Eccola Ln, Santa Fe, NM 87506
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    Santa Fe Land with Views
    $350,000
    15.00 Acres

    Santa Fe Land with Views

    15-acre lot with views near Rio En Medio.

    487 Nm-592, Santa Fe, NM 87506
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    Santa Fe Land with Mountain Views
    $475,000
    15.00 Acres

    Santa Fe Land with Mountain Views

    15-acre lot near Santa Fe with expansive mountain views.

    487 Nm-592, Santa Fe, NM 87506
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    Santa Fe Ridge Top Lot
    $400,000
    15.00 Acres

    Santa Fe Ridge Top Lot

    15-acre lot with views near Rio En Medio.

    487 Nm-592, Santa Fe, NM 87506
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    Santa Fe Ridge Top Land
    $350,000
    15.00 Acres

    Santa Fe Ridge Top Land

    15-acre lot with views near Rio En Medio.

    487 Nm-592, Santa Fe, NM 87506
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    Ridge Top Lot with Views
    $290,000
    5.60 Acres

    Ridge Top Lot with Views

    5.6 acre lot near Rio En Medio and Santa Fe.

    487 Nm-592, Santa Fe, NM 87506
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    Santa Fe Land For Sale
    $149,000
    12.50 Acres

    Santa Fe Land For Sale

    12.5 acre lot in Santa Fe, NM.

    78 Calle Josephina, Santa Fe, NM 87506
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    Land with Mountain Views
    $420,000
    1.14 Acres

    Land with Mountain Views

    Residential land in a newly developed community near downtown.

    61 Tierra Antigua, Santa Fe, NM 87506
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    Land in Tierra Antigua Community
    $399,000
    0.80 Acres

    Land in Tierra Antigua Community

    Residential land with mountain views in a planned Santa Fe community.

    16 Tierra Antigua, Santa Fe, NM 87506
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    Sierra del Norte Land Opportunity
    $798,000
    2.20 Acres

    Sierra del Norte Land Opportunity

    Two lots in Sierra del Norte with panoramic views.

    1204/1206 Ojo Azul, Santa Fe, NM 87501
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    Off-Grid Cabin on 156 Acres
    $300,000
    156.56 Acres

    Off-Grid Cabin on 156 Acres

    Self-sufficient cabin on 156 acres near Santa Rosa, NM.

    4221 Palo Amarillo Rd, Santa Rosa, NM 88435
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    Santa Fe Land Development Opportunity
    $170,000
    1.00 Acre

    Santa Fe Land Development Opportunity

    One-acre lot with utilities and mountain views near downtown.

    1421 Canada Del Sur, Santa Fe, NM 87501
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    Land with Mountain Views
    $240,000
    2.79 Acres

    Land with Mountain Views

    2.79 acre parcel in Las Campanas with mountain views.

    20 Honeysuckle Cir, Santa Fe, NM 87506
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    Land in Galisteo Basin Preserve
    $199,000
    4.30 Acres

    Land in Galisteo Basin Preserve

    Build-ready homesite with privacy and access to Santa Fe.

    55 Southern Cres Rd, Lamy, NM 87540
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    Land Bordered by National Forest
    $389,000
    10.01 Acres

    Land Bordered by National Forest

    10+ acre Glorieta land bordering Santa Fe National Forest.

    30 Monte La Cueva Rd, Glorieta, NM 87535
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    Santa Fe Land with Mountain Views
    $280,000
    0.75 Acres

    Santa Fe Land with Mountain Views

    Residential land near downtown Santa Fe with utilities and open space.

    27 Tierra Antigua, Santa Fe, NM 87506
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    Residential Land in Santa Fe
    $485,000
    1.29 Acres

    Residential Land in Santa Fe

    Residential land with mountain views near downtown Santa Fe.

    55 Tierra Antigua, Santa Fe, NM 87506
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    Land with Sweeping Mountain Views
    $415,000
    3.01 Acres

    Land with Sweeping Mountain Views

    Home site with Jemez Mountain views in Las Campanas.

    9 Hacienda Caballero, Santa Fe, NM 87506
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    Santa Fe Land with Mountain Views
    $295,000
    0.52 Acres

    Santa Fe Land with Mountain Views

    Residential land in a newly developed community near downtown Santa Fe.

    28 Tierra Antigua, Santa Fe, NM 87506
    View details
    Recreational Land with Santa Fe Views
    $150,000
    5.01 Acres

    Recreational Land with Santa Fe Views

    5 acre recreational land with views and natural haven.

    La Posta Way, Santa Fe, NM 87505
    View details
    Historic Santa Fe Landmark Property
    $3,700,000
    4,690 SF

    Historic Santa Fe Landmark Property

    Landmark mixed-use property in the heart of historic Santa Fe.

    122 Grant Ave, Santa Fe, NM 87501
    View details
    Lamy, NM Land Parcel
    $250,000
    12.73 Acres

    Lamy, NM Land Parcel

    Large 12.73 acre lot in Lamy, New Mexico.

    251 Spur Ranch Rd, Lamy, NM 87540
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    Spur Ranch Land For Sale
    $250,000

    Spur Ranch Land For Sale

    Large lot with wide open spaces available for purchase.

    251 Spur Ranch Rd, Lamy, NM 87540
    View details
    Mountain Property Near Santa Fe
    $175,000

    Mountain Property Near Santa Fe

    5-acre mountain property, 20 minutes from Santa Fe.

    Tract 7-2 La Posta Way, Santa Fe, NM 87505
    View details
    Land For Sale Santa Fe
    $595,000

    Land For Sale Santa Fe

    Land available for purchase off Bishop's Lodge Road.

    2 Eccola Ln, Santa Fe, NM 87506
    View details
    New Mexico High Desert Land
    $260,000

    New Mexico High Desert Land

    Prime 11.5-acre land parcel with building sites and privacy.

    19 Placita Anita, Santa Fe, NM 87506
    View details
    Land in Ortiz Mountain Foothills
    $99,000

    Land in Ortiz Mountain Foothills

    Remote 39.94-acre land with varied topography and mountain views.

    185 Stoney Rd, Cerrillos, NM 87010
    View details
    Pecos River Frontage Farmhouse
    $749,000
    2,840 SF

    Pecos River Frontage Farmhouse

    Waterfront farmland with a Pueblo-style home and acequia rights.

    140 County Road B41F, Ribera, NM 87560
    View details
    Pristine Land Bordering National Forest
    $389,000

    Pristine Land Bordering National Forest

    10+ acres bordering Santa Fe National Forest, 20 minutes from Santa Fe.

    30 Monte La Cueva Rd, Glorieta, NM 87535
    View details

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    Santa Fe Properties, 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
    Santa Fe Properties, Inc.
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