Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    227 La Puebla Espanola, NM 87532

    View on Map
    Claim this Listing
    Pending
    $62,500

    LAND - Espanola, NM

    Lot size:
    1.87 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    111
    Last Refresh:
    May 6 at 4:06 pm

    Property Features for 227 La Puebla

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CRAD
    Standard status
    Pending
    APN
    099304425
    Lot size
    1.87 Acres

    Taxes and HOA fees

    Tax Description
    S8 T20N R9E A

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Rachel F. McMath

    Listing agent Rachel F. McMath License #52680

    Listing office Keller Williams Realty 130 Lincoln Ave, Ste. K, Santa Fe, NM

    Listing date Jan 15, 2026

    MLS# 202600222 Listing URL

    Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Residential lot with surface rights is ready for your vision.
    • Community water available for convenient access.
    • Home on property at one time, potential for redevelopment.
    • Location: [-106.006195,35.985264].
    • Septic Needed.
    • Seller does not know what condition utilities are in.

    Overview

    Residential Lot in Espanola, NM

    This residential lot, located in Espanola, New Mexico, offers 1.87 acres of land with surface rights. A home was previously situated on the property, though the seller does not know the current condition of the utilities. Community water is available. The zoning is CRAD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Espanola
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.006192
    Latitude
    35.985263

    Nearby Similar for Sale

    • $447,000
      2,730 SF

      Espanola Restaurant and Bar

      Turnkey restaurant and bar on the Plaza in Espanola.
      100 Los Alamos Highway, Espanola, NM 87532
      View Details
    • $480,000
      2,322 SF

      Updated Duplex in Espanola, NM

      Remodeled duplex with new features, ideal for owner-occupants or investors.
      1891 & 1893 Canada Court, Espanola, NM 87532
      View Details
    • $315,000

      Spacious Fenced Lot in Espanola

      0.62-acre lot with utilities, mobile home, near High Road.
      1814 State RD 76, Espanola, NM 87532
      View Details
    • $100,000

      Espanola Land with Water Rights

      1.019 acre vacant land with water rights in Espanola.
      Camino Arbolera, Espanola, NM 87532
      View Details
    • $300,000

      Land For Sale Espanola, NM

      5.28 acre land parcel available in Espanola, New Mexico.
      84/285 Hennigan lot: C, Espanola, NM 87532
      View Details
    • $135,000

      Espanola Land with Mountain Views

      0.86 acre lot with mountain views near Santa Fe.
      County Rd 126 lot: 1, Espanola, NM 87532
      View Details
    • $129,000

      Centrally-Located Land in Espanola, NM

      0.69 acre residential lot in Fairview/Espanola area.
      La Joya Street, Espanola, NM 87532
      View Details
    • $370,000

      5-Acre Land Parcel in Espanola

      5-acre property with well, septic, and electricity near Espanola.
      6 La Resolana, Espanola, NM 87532
      View Details
    • $225,000
      500,678 SF

      Espanola Land For Sale

      3.21 acres of land available in Espanola, New Mexico.
      84/285 Hennigan lot: B, Espanola, NM 87532
      View Details
    • $447,000
      2,730 SF

      Espanola Restaurant and Bar on Plaza

      Turnkey restaurant and bar on the Plaza in Espanola.
      100 Los Alamos, Espanola, NM 87532
      View Details
    • $45,000

      Land Parcel in Espanola, NM

      0.531-acre parcel within Espanola city limits, suitable for gardening.
      CALLE JUAN JOSE VIGIL, Espanola, NM 87532
      View Details
    • $250,000
      1,820 SF

      Espanola Commercial Building with Garage

      Versatile commercial building with office space and service garage.
      711 Paseo De Onate, Espanola, NM 87532
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with surface rights in Espanola, New Mexico.
    Where is this residential land & home lot located?
    The property is located at 227 La Puebla Espanola, NM.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: Residential lot with surface rights is ready for your vision.; Community water available for convenient access.; Home on property at one time, potential for redevelopment.
    (505) 484-9722
    We can help!
    Listing Contact
    Rachel F. McMath
    Real Estate License ID: 52680
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    227 La Puebla, Espanola, NM 87532
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!