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

    243 Deer Park Drive lot 115 Alto, NM 88312

    View on Map
    For Sale
    $129,500

    LAND - Alto, NM

    Lot size:
    1.00 Acre
    Added:
    Aug 30, 2025
    Days on Market:
    218
    Last Refresh:
    Apr 4 at 2:06 pm

    Property Features for 243 Deer Park Drive lot 115

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    4074059241183
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Loverin Real Estate Team
    Loverin Real Estate Team

    Listing agent Loverin Real Estate Team License #17860

    Listing office Loverin Real Estate 714 Mechem Dr, Ruidoso, NM

    Listing date Aug 30, 2025

    MLS# 133093 Listing URL

    Copyright © 2026 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

    Alto, NM Acre Lot

    This one-acre lot is located in Alto, New Mexico. The property is situated in Deer Park Woods and offers views. A golf membership to Alto Lakes Golf and Country Club is available. The lot is described as buildable with wooded-valley views overlooking the Capitan Mountains. It features level street access suitable for a driveway and garage. The property has a variance reducing the setback from the street to optimize building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Storage Facility Bar & Pub Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alto
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.6339979
    Latitude
    33.4143276

    Nearby Similar for Sale

    • $300,000

      Alto Golf Course Homesite

      Exceptional golf course lot in Alto Lakes Golf & Country Club.
      Lincoln Hills Drive unit: 2, Alto, NM 88312
      View Details
    • $35,000

      Alto, NM Golf Course Lot

      Large lot in Alto Lakes Golf & Country Club.
      Deer Valley Drive unit: 4, Alto, NM 88312
      View Details
    • $54,500

      Land in Gated Community

      10-acre lot with mountain views in Alto, New Mexico.
      38 Copper Ridge Road lot: 38, Alto, NM 88312
      View Details
    • $925,000
      4,260 SF

      Commercial Property with Remodeled Homes

      Commercial property in Alto, NM with remodeled homes and industrial yard.
      1074/1078 NM HWY 48 lot: 3 & 4A, Alto, NM 88312
      View Details
    • $48,500

      Buildable Lot in Alto, NM

      0.79 acre lot with golf membership opportunity.
      Stable Road lot: 10A, Alto, NM 88312
      View Details
    • $34,500

      Alto Land with Golf Membership

      1.22 acre lot with Alto Golf membership.
      Bobcat Trail lot: T43c, Alto, NM 88312
      View Details
    • $79,000

      Alto, NM Land For Sale

      Residential land available in Alto, New Mexico.
      270A Saddleback Road lot: 270A, Alto, NM 88312
      View Details
    • $49,500

      Alto, NM Acreage with Views

      Residential land with mountain views and golf membership potential.
      Cochiti Court lot: 27, Alto, NM 88312
      View Details
    • $59,000

      Alto, NM Residential Land

      One acre residential land for sale in Alto, New Mexico.
      Antler Drive lot: 87, Alto, NM 88312
      View Details
    • $24,500

      Buildable Lot in Alto Lakes

      Residential lot with access to golf and country club amenities.
      Mira Monte lot: 9, Alto, NM 88312
      View Details
    • $145,000

      Alto, NM Land with Views

      2.6 acre lot with wooded-valley views in Deer Park.
      T15B Partridge Ct. lot: Tract 15B, Alto, NM 88312
      View Details
    • $145,000

      Alto, NM Acreage with Views

      Approximately 1.017-acre lot with mountain views in Alto, New Mexico.
      Cochiti Court lot: 13 A, Alto, NM 88312
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One acre lot with views and golf membership opportunity.
    Where is this residential land & home lot located?
    The property is located at 243 Deer Park Drive lot 115 Alto, NM.
    What is the asking price?
    The asking price for this property is $129,500.
    What are key features of this property?
    This property features: One‑acre lot in Deer Park Woods with **views overlooking the Capitan Mountains.**; Includes golf membership to Alto Lakes Golf and Country Club.; Buildable lot with many building options.
    (575) 937-0588
    We can help!
    Listing Contact
    Loverin Real Estate Team
    Loverin Real Estate Team
    Real Estate License ID: 17860
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!