Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Sams Ct La Luz, NM 88337

    View on Map
    Sponsored
    For Sale
    $1,300,000

    MULTI_FAMILY - NM

    Lot size:
    3.46 Acres
    Days on Market:
    152
    Last Refresh:
    Mar 23 at 8:06 am

    Property Features for 1 Sams Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 25, Bathroom 26, Bedroom 39, Bathroom 28, Bedroom 31, Bathroom 15, Bathroom 11, Bedroom 52, Bedroom 20, Bedroom 5, Bedroom 23, Bathroom 1, Bathroom 34, Bedroom 32, Bedroom 6, Bathroom 23, Bedroom 24, Bathroom 31, Bedroom 16, Bedroom 42, Bedroom 2, Bedroom 50, Bedroom 40, Bathroom 6, Bathroom 35, Bathroom 9, Bedroom 53, Bedroom 4, Bathroom 22, Bedroom 10, Bedroom 45, Bedroom 54, Bathroom 16, Bedroom 48, Bedroom 47, Bedroom 51, Bathroom 4, Bathroom 24, Bedroom 36, Bedroom 18, Bedroom 8, Bedroom 38, Bedroom 43, Bathroom 14, Bathroom 32, Bathroom 18, Bedroom 19, Bedroom 22, Bedroom 35, Bedroom 17, Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 21, Bedroom 49, Bedroom 33, Bathroom 30, Bedroom 46, Bathroom 8, Bedroom 29, Bedroom 15, Bedroom 26, Bathroom 2, Bathroom 25, Bedroom 14, Bathroom 7, Bathroom 29, Bathroom 12, Bathroom 20, Bedroom 11, Bathroom 3, Bathroom 19, Bedroom 9, Bedroom 28, Bathroom 17, Bathroom 33, Bathroom 36, Bedroom 30, Bedroom 27, Bathroom 27, Bedroom 12, Bathroom 21, Bedroom 3, Bedroom 34, Bedroom 41, Bathroom 13, Bedroom 37, Bathroom 10, Bedroom 44, Bedroom 13
    Bedrooms
    54
    Bathrooms
    36
    APN
    01O4056089021342
    Appliances
    Dishwasher, FreeStandingElectricRange, Refrigerator
    Lot size
    3.46 Acres

    Utilities

    Heating system
    Central, Forced Air

    Building Details

    Floors in Building
    1
    Number of units
    20

    We can help!

    Listing Contact
    Thomas Gallegos
    Thomas Gallegos

    New Mexico Properties/Allstar, REALTORS

    Listing agent Thomas Gallegos License #45240

    Listing date Oct 23, 2025

    MLS# 1092578

    Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    La Luz Mobile Home Park

    This 20-space mobile home park is situated on 3.46 acres in La Luz, New Mexico, presenting a value-add investment opportunity. The property offers steady income potential and long-term growth. There is ample space and infrastructure for 3-4 additional homes. Located minutes from Alamogordo, the park benefits from convenient access to schools, shopping, and local amenities, while still enjoying the quiet charm of La Luz. The 3.46-acre parcel allows for flexible management and potential future improvements. The property enjoys an approximate Cap Rate over 6%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Law Firm Auto Repair Shop Storage Facility Wine and Liquor Store Pet Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Luz
    County
    Otero
    State
    New Mexico
    Longitude
    -105.939451
    Latitude
    32.979473

    FAQs

    What type of property is this?
    Mobile home & RV park - 20-space mobile home park on 3.46 acres in La Luz, NM.
    Where is this mobile home & rv park located?
    The property is located at 1 Sams Ct La Luz, NM.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - High Cap Rate: Approximately over 6% offers a strong return on investment.; - Value-Add Potential: Opportunity to add 3-4 additional homes to maximize returns.; - Large Lot Size: 3.46 acres provides ample space for flexible management and future improvements.
    (505) 261-8687
    Request Owner's contact information
    1 Sams Ct La Luz, NM 88337
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Sams Ct
    La Luz, NM 88337
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1 Sams Ct La Luz, NM 88337
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Thomas Gallegos
    Thomas Gallegos
    Real Estate License ID: 45240
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!