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    For Sale (18)

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    Chama Valley Camp Renegade Land
    $85,000
    2.78 Acres

    Chama Valley Camp Renegade Land

    2.7 acre basecamp for outdoor adventures in Chama Valley.

    99 Private Dr, Chama, NM 87520
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    Sandia Park Land Opportunity
    $175,000
    12.31 Acres

    Sandia Park Land Opportunity

    12.3-acre property in San Pedro Creek community with breathtaking vistas.

    36 Prado Vis, Sandia Park, NM 87047
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    Mountain Property with Utilities Included
    $75,000
    2.01 Acres

    Mountain Property with Utilities Included

    Two-acre mountain property with utilities and expansive views.

    19 Bolivar Loop, Tijeras, NM 87059
    View details
    Turnkey 6-Plex in Albuquerque
    $565,000
    3,191 SF

    Turnkey 6-Plex in Albuquerque

    Fully occupied 6-plex with low vacancy and high demand.

    426 Towner Ave NW, Albuquerque, NM 87102
    View details
    Three Wooded Lots Package Deal
    $36,000
    1.82 Acres

    Three Wooded Lots Package Deal

    Three wooded lots in San Miguel Acres, Tijeras, New Mexico.

    1-85-81 Entrada De Cibola, Tijeras, NM 87059
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    Two Acre Lot in Tijeras
    $63,500
    2.00 Acres

    Two Acre Lot in Tijeras

    Two-acre lot in Las Leyendas subdivision, ready for custom build.

    Bolivar Lp Loop, Tijeras, NM 87059
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    Two-Acre Lot in Tijeras, NM
    $81,500
    2.01 Acres

    Two-Acre Lot in Tijeras, NM

    Two-acre lot in Las Leyendas subdivision with paid water membership.

    21 Punch Ct, Tijeras, NM 87059
    View details
    Los Lunas Raw Land
    $100,000
    10.00 Acres

    Los Lunas Raw Land

    10 acres of land suitable for building or farming.

    Quintana Rd, Los Lunas, NM 87031
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    Two-Acre Lot in Tijeras, NM
    $81,500
    2.02 Acres

    Two-Acre Lot in Tijeras, NM

    2-acre lot in Las Leyendas subdivision, ready for custom build.

    27 Punch Ct, Tijeras, NM 87059
    View details
    Two-Acre Lot with Utilities
    $76,500
    2.18 Acres

    Two-Acre Lot with Utilities

    2-acre lot in Las Leyendas subdivision with utilities and views.

    31 Punch Ct, Tijeras, NM 87059
    View details
    Land with Expansive Views
    $73,500
    2.80 Acres

    Land with Expansive Views

    2.8 acre lot with utilities and nature trail access.

    58 Bolivar Loop, Tijeras, NM 87059
    View details
    Albuquerque Commercial Live/Work Space
    $825,000
    0.86 Acres

    Albuquerque Commercial Live/Work Space

    Versatile commercial property with live/work setup and climate-controlled warehouse.

    8612 Paseo Alameda NE, Albuquerque, NM 87113
    View details
    LAND - Edgewood, NM
    $79,000
    1.30 Acres

    LAND - Edgewood, NM

    Horse & equestrian properties • 1.30 Acres

    36 Williams Cir, Edgewood, NM 87015
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    Tijeras Land with Mountain Views
    $89,500
    2.00 Acres

    Tijeras Land with Mountain Views

    Two-acre homesite in Las Leyendas with utilities and Entranosa water.

    Bolivar Loop, Tijeras, NM 87059
    View details
    Land in Tierra Verde Ranchettes
    $35,900
    10.91 Acres

    Land in Tierra Verde Ranchettes

    10.91 acres of land perfect for off-grid living.

    Cerro Leonides Rd, Grants, NM 87020
    View details
    83 Acres of Land in Tijeras
    $650,000
    82.92 Acres

    83 Acres of Land in Tijeras

    Almost 83-acre parcel perfect for escaping city living.

    94 Anaya Rd, Tijeras, NM 87059
    View details
    Land with Mountain View Potential
    $85,000
    2.00 Acres

    Land with Mountain View Potential

    Two-acre lot in Tablazon Estates neighborhood with potential mountain views.

    15 Tablazon Valley Dr, Tijeras, NM 87059
    View details
    Land Near Cibola Forest
    Contact for pricing
    5.00 Acres

    Land Near Cibola Forest

    Five acre lot with views of Ladron Peak.

    1 Valle De Manana, Socorro, NM 87801
    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
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