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

    1370 Unit ''U'', Unit 9 Belen, NM 87002

    View on Map
    Sponsored
    Picture of Land at Unit ''U'' 1370, Belen, NM
    For Sale
    Contact for pricing

    LAND - Rio Communities, NM

    Lot size:
    0.50 Acres
    Days on Market:
    46
    Last Refresh:
    Mar 24 at 12:06 am

    Property Features for 1370 Unit ''U''

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1012026286395100120
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Stephen C Herkenhoff

    Coldwell Banker Legacy

    Listing agent Stephen C Herkenhoff License #35514

    Listing date Feb 6, 2026

    MLS# 1077669 Listing URL

    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

    Rio Communities Land with Views

    Located in Rio Grande Estates, this 0.5-acre lot combines seclusion and convenience. The rural property is a short drive from town and offers eastern mountain views. The land is suited for off-grid living or future investment. Currently, no utilities are available. The property is located in Block 1370 Unit ''U'' lot: 9, Rio Communities, NM 87002.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.69413
    Latitude
    34.631435

    Nearby Similar for Sale

    • $229,900
      4,596 SF

      Versatile Commercial Building on 1.8 Acres

      4,596 sqft commercial building on 1.8 acres for sale.
      921 E River Rd, Belen, NM 87002
      View Details
    • Contact for pricing
      4,200 SF

      Belen Commercial Property For Sale

      Iconic commercial property in Belen, owner financing available.
      600 Dalies Ave, Belen, NM 87002
      View Details
    • $410,000

      Retail Investment on South Main

      Retail property for sale located on South Main Street.
      206-214 S Main St, Belen, NM 87002
      View Details
    • Contact for pricing
      1.00 Acre

      Land with Scenic Views

      One-acre land parcel in Belen, New Mexico, with beautiful views.
      Rio Grande Est, Belen, NM 87002
      View Details
    • $575,000
      3,000 SF

      Restaurant and Bar For Sale

      Restaurant and bar on 1.8 acre corner lot.
      629 S Main St, Belen, NM 87002
      View Details
    • $425,000
      8,287 SF

      Belen Retail Center - Main Street

      High-traffic retail investment opportunity.
      503/517 Main St, Belen, NM 87002
      View Details
    • $309,900
      4,596 SF

      Belen Commercial Building - Huge Potential

      1.8-Acre Lot, 4,596 sq ft, High Traffic
      921 River Rd, Belen, NM 87002
      View Details
    • $5,500,000
      44,680 SF

      Belen Office Space For Rent

      Centrally located office space with great visibility and ample parking.
      101 S Main St, Belen, NM 87002
      View Details
    • $649,999
      4,820 SF

      Belen, NM Retail Investment

      High-yield convenience store/dispensary
      804 Main St, Belen, NM 87002
      View Details
    • $525,000
      4,200 SF

      Belen Retail Space - Prime Location

      High-traffic retail space in booming Belen, NM.
      600 Dalies Ave, Belen, NM 87002
      View Details
    • $340,000
      2,220 SF

      Belen Commercial Corner Lot Opportunity

      High-traffic location, versatile 2220 sq ft building.
      301 Reinken Ave, Belen, NM 87002
      View Details
    • $600,000
      8,650 SF

      Belen Mixed-Use Investment Opportunity

      Historic Main Street, high-traffic location.
      219-223 Main St, Belen, NM 87002
      View Details

    FAQs

    What type of property is this?
    Land - Half-acre lot in Rio Communities with mountain views.
    Where is this land located?
    The property is located at 1370 Unit ''U'', Unit 9 Belen, NM.
    What is the asking price?
    The asking price for this property is $1,250.
    What are key features of this property?
    This property features: - Breathtaking eastern mountain views, perfect for enjoying sunrises.; - Large 1/2-acre lot in the serene Rio Grande Estates.; - Peaceful, secluded rural property offering an escape from city life.
    (505) 263-4566
    Request Owner's contact information
    1370 Unit ''U'', Unit 9 Belen, NM 87002
    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.
    1370 Unit ''U'', Unit 9
    Belen, NM 87002
    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
    1370 Unit ''U'', Unit 9 Belen, NM 87002
    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
    Stephen C Herkenhoff
    Real Estate License ID: 35514
    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!