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    1074/1078 Lot 3 & 4A Alto, NM 88312

    For Sale
    $925,000

    COMMERCIAL - Mountain - Alto, NM

    Property size:
    4,260 SF
    Lot size:
    1.04 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1074/1078 Lot 3 & 4A

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Zoning
    C1
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 2, Bonus Room, Family Room, Bathroom 1, Laundry Room
    Bathrooms
    4
    Parking features
    RV
    Patio and Porch features
    Deck
    Interior features
    Appliances Only, Recessed Lighting, Storage
    Exterior features
    Courtyard, Rain Gutters, Balcony
    Fireplace
    1
    Appliances
    Tankless Water Heater, Refrigerator, Washer, Dishwasher, Disposal, Gas Range, Dryer, Range Hood, Stainless Steel Appliance(s), Water Heater
    Size
    4,260 SF
    Lot size
    1.04 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air, Central
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    2
    Flooring type
    Carpet, Tile, Wood, Laminate
    Building materials
    Frame, Stucco
    Roof type
    Metal
    Architectural style
    Mountain
    Additional Structures
    Guest House, Storage

    Loverin Real Estate (575) 937-0588 [email protected]

    Listing agent Loverin Real Estate Team License #17860

    Listing date Oct 23, 2025

    Copyright © 2025 Ruidoso/Lincoln County 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

    Commercial Property North of Alto

    Located north of Alto, this commercial property features approximately 282 feet of frontage on NM Hwy 48 and spans 1.045 acres. The site offers high visibility and year-round access. Included in the sale are two recently remodeled homes and a large industrial yard, presenting multi-use potential. The main stucco home, with an upper level of approximately 2,600 square feet, includes 3 bedrooms and 2.5 bathrooms, along with bonus rooms. It also features a lower-level guest quarters with 1 bedroom and 1 bathroom. A detached, one-level second home provides 2 bedrooms and 1 bathroom. The property boasts a spacious courtyard and a large, covered back deck equipped with a hot tub. Additional structures include a 1-car garage and a sizable garage and shop area of approximately 1,500 square feet. The main home and guest quarters are equipped with three CFA heat/AC units and a tankless water heater, stainless style kitchen appliances, a free-standing wood stove in the living area, and a gas log fireplace in the master bedroom. The property is zoned C1.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Alto
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.670768
    Latitude
    33.420318

    FAQs

    What type of property is this?
    Mixed-use property - Remodeled homes and industrial yard with highway frontage.
    Where is this mixed-use property located?
    The property is located at 1074/1078 Lot 3 & 4A Alto, NM.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime commercial location north of Alto with approximately 282' of NM Hwy 48 frontage and 1.045 acres.; - Includes two recently remodeled homes: a main stucco home (approx. 2,600 sq.ft) with 3BD/2.5BA plus bonus rooms and a 1BD/1BA guest quarters, and a detached 2BD/1BA home.; - Large industrial yard and approx. 1,500 sq.ft. garage/shop area.
    (575) 937-0588
    Request Owner's contact information
    1074/1078 Lot 3 & 4A Alto, NM 88312
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    Realmo Value Estimation

    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.

    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.

    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
    1074/1078 Lot 3 & 4A Alto, NM 88312
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