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    Gordon N Crane, Aztec, NM

    License ID: 8320
    Century 21 Sowesco Realty
    Years of Experience
    3
    Association
    San Juan County Board Of Realtors Inc

    Contact details

    Phone:
    (505) 325-2100
    Office Address:
    #12 Rd 5590, Farmington, NM, 87401

    Performance

    Listings
    26
    Price range
    $9k - 599k
    Average price
    $304k

    Listings

    For Sale (25)

    View map
    • $995,000

      Bloomfield Land: 70 Acres+

      Large development tract, abundant water rights.
      1927/1929 Broadway Ave, Bloomfield, NM 87413
      View Details
    • $2,100,000

      Industrial Land: Secure Outdoor Storage

      One-acre fenced lot; 1,244 SF office.
      37 1St St, Bloomfield, NM 87413
      View Details
    • $825,000
      2.97 Acres

      Farmington Commercial Land & Building

      Prime Commercial Property, 14,400 SF
      4400/4410 Lomas St, Farmington, NM 87401
      View Details
    • $1,250,000
      7.87 Acres

      Aztec Blvd Commercial Land Opportunity

      High-traffic 7.87-acre commercial lot.
      221 Aztec Blvd, Aztec, NM 87410
      View Details
    • $995,000
      70.32 Acres

      Bloomfield Commercial Land - 70 Acres

      70-Acre Commercial Property w/Improvements
      1927/1929 Broadway Ave Ave, Bloomfield, NM 87413
      View Details
    • $4,500,000
      106.67 Acres

      Aztec, NM Commercial Land Investment

      106 Acres, 116 Lots, High Potential
      116 Lots Rd, Aztec, NM 87410
      View Details
    • $309,000
      1.43 Acres

      Aztec Commercial Land - 1.43 Acres

      Prime Aztec location, ready for development. Nine lots, city utilities.
      450 Llano St, Aztec, NM 87410
      View Details
    • $695,000
      7,576 SF

      Aztec Commercial Land & Buildings

      76 Acres, Two Buildings, Huge Potential
      49 Road 3150, Aztec, NM 87410
      View Details
    • $40,000
      0.91 Acres

      Bloomfield Commercial Land - $40K

      Level lot, prime commercial potential. 0.91 acres.
      Missouri St, Bloomfield, NM 87413
      View Details
    • $345,000

      Commercial Land on Aztec Boulevard

      1.26 acre commercial land on a busy road.
      1624 W Aztec Blvd, Aztec, NM 87410
      View Details
    • $486,000

      Commercial Building in Downtown Aztec

      Commercial building with business opportunities in thriving Aztec, New Mexico.
      118 E Chaco St, Aztec, NM 87410
      View Details
    • $4,500,000

      Panorama Heights Subdivision Lots

      116 lots in Aztec, NM, with utilities and tenant-owned homes.
      116 Lots Rd, Aztec, NM 87410
      View Details
    • $695,000

      Large Commercial Property with Acreage

      76.15-acre commercial property with two buildings, suitable for various uses.
      49 Road 3150, Aztec, NM 87410
      View Details
    • $2,100,000

      37 Acres Commercial Land Bloomfield

      37 acres of commercial land ready for development in Bloomfield.
      37 1St St, Bloomfield, NM 87413
      View Details
    • $995,000

      Bloomfield Land with Water Rights

      70.32 acres in Bloomfield, NM with adjudicated water rights.
      1927/1929 W Broadway Ave, Bloomfield, NM 87413
      View Details
    • $481,000

      Commercial Land Near Pinon Hills

      2.756 acres of commercial land for sale.
      2.756 Ac Nya Pinon Hl Blvd, Farmington, NM 87402
      View Details
    • $825,000

      Farmington Commercial Property For Sale

      Commercial property with office and warehouse space, suitable for various uses.
      4400/4410 Lomas St, Farmington, NM 87401
      View Details
    • $1,728,500

      Commercial Land Near Pinon Hills

      9.92 acres of commercial land in Farmington, New Mexico.
      9.92 Ac Nya Pinon Hl Blvd, Farmington, NM 87402
      View Details
    • $923,500

      Commercial Land Near Pinon Hills

      5.14 acres of commercial land in Farmington, New Mexico.
      5.14 Ac Nya Pinon Hl Blvd, Farmington, NM 87402
      View Details
    • $729,000

      Commercial Land Ready For Development

      Commercial property in Flora Vista ready for development with high traffic.
      11 Road 350, Flora Vista, NM 87415
      View Details
    • $481,000

      Commercial Land Near Pinon Hills

      2.756 acres of commercial land for sale.
      2.756 Nya Pinon Hl Blvd, Farmington, NM 87402
      View Details
    • $729,000

      Commercial Land Ready For Development

      Commercial property in Flora Vista ready for development.
      11 Road 350, Flora Vista, NM 87415
      View Details
    • $1,250,000

      Undeveloped Commercial Property in Aztec

      7.834 acres of commercial land with high traffic count.
      221 W Aztec Blvd, Aztec, NM 87410
      View Details
    • $280,000

      Industrial Land in High-Demand Area

      Industrial land in sought-after location near Caterpillar.
      5 Missouri, Bloomfield, NM 87413
      View Details
    • $995,000

      Bloomfield Land with Water Rights

      70.32 acre property with water rights and amenities.
      1927/1929 W Broadway Ave, Bloomfield, NM 87413
      View Details

    For Lease (1)

    View map
    • $4 SF/Yr
      4,690 SF

      Aztec, NM Commercial Land Opportunity

      Prime 4,690 sq ft Commercial Lot
      118 Chaco St, Aztec, NM 87410
      View Details

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    Gordon N Crane, Aztec, NM
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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.

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    Gordon N Crane, Aztec, NM
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