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    1 The Ranch at Angel Fire Angel Fire, NM 87710

    View on Map
    For Sale
    $5,850,000

    COMMERCIAL - Angel Fire, NM

    Lot size:
    186.00 Acres
    Added:
    Jun 1, 2025
    Days on Market:
    309
    Last Refresh:
    Apr 5 at 5:06 am

    Property Features for 1 The Ranch at Angel Fire

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    1088148465250
    Lot size
    186.00 Acres

    Taxes and HOA fees

    Tax Description
    3 parcels 1. Angel Fire Chalets 1A amended -3B Tract D & Tract F & Tract
    Tax Annual Amount
    26590

    We can help!

    Listing Contact
    James V Pitts

    Listing agent James V Pitts License #20825

    Listing office Berkshire Hathaway HomeServices Taos Real Estate 314 A Paseo del Pueblo Norte, Taos, NM

    Listing date Jun 1, 2025

    MLS# 113387

    Copyright © 2025 Enchanted Circle Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Angel Fire Ranch Legacy Opportunity

    The Ranch at Angel Fire presents a rare opportunity to own a substantial property within Angel Fire Resort. This 186-acre ranch offers alpine beauty and development possibilities. The property features a bridge overlooking a greenbelt, beaver pond, year-round streams, and meadows. Views extend to Wheeler Peak, New Mexico's tallest mountain. The landscape includes aspen groves, spruce, tall pines, oak glades, and rock bluffs. Two year-round mountain streams provide water for local wildlife, including elk, deer, bear, mountain lions, and bobcats. Birdlife includes hawks, falcons, bald eagles, golden eagles, and owls. Three cleared building sites offer views of the lake and Sangre de Cristo mountains. The zoning allows for residential and mixed-use development, enabling various projects such as a boutique hotel, spa, restaurant, condos, mountain bike clinic, equestrian ranch, or family compound. Located within Angel Fire Resort, the property includes three lifetime memberships providing access to an 18-hole golf course, tennis courts, mountain bike trails, ski resort access, fishing at Monte Verde lake, and clubhouse facilities with a lap pool, spa, workout facilities, and restaurants. The resort features downhill mountain bike trails and ziplines. The property is located five minutes from Angel Fire airport and the town of Angel Fire, and within a day trip of Taos, Santa Fe, Albuquerque, and Ghost Ranch. The Ranch at Angel Fire offers a retreat and space to connect with nature.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Angel Fire
    County
    Colfax
    State
    New Mexico
    Longitude
    -105.322
    Latitude
    36.4207

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    FAQs

    What type of property is this?
    Ranch - 186-acre ranch with residential and mixed-use zoning in Angel Fire.
    Where is this ranch located?
    The property is located at 1 The Ranch at Angel Fire Angel Fire, NM.
    What is the asking price?
    The asking price for this property is $5,850,000.
    What are key features of this property?
    This property features: Largest privately held property in Angel Fire Resort with 186 acres.; Rare Residential and Mixed Use zoning allows for diverse development possibilities (hotel, spa, restaurant, condos, equestrian ranch, etc.).; Enjoy THREE lifetime memberships to Angel Fire Resort amenities: golf, tennis, mountain biking, skiing, fishing, pool, spa, restaurants.
    (575) 758-1924
    We can help!
    Listing Contact
    James V Pitts
    Real Estate License ID: 20825
    Learn More
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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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