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    34 Ice House Rd Madrid, NM 87010

    For Sale
    $120,000

    LAND - Madrid, NM

    Lot size:
    0.75 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 34 Ice House Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    950003737
    Lot size
    0.75 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well

    Barker Realty LLC (505) 982-9836 [email protected]

    Listing agent Michael S. Sanford (505) 916-6644 License #52569

    Listing date Nov 25, 2025

    MLS# 202404699 Listing URL

    Copyright © 2025 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.

    Overview

    Ready-to-Build Lot in Madrid, NM

    This 0.75-acre lot in Madrid, NM, is ready to build. Unlike typical off-grid New Mexico land, this leveled parcel has a water well and electricity on-site. It is zoned commercial/residential and allows live-work builds in historic style. The property is within walking distance of art galleries, restaurants, coffee shops, and a general store. It features canyon views of Waldo Mesa and the Cerrillos Hills. The Madrid Landowners Association fee is $20 per year. The property is located 17 miles from Santa Fe, with easy access to Highway 14.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Gym & Fitness Hotel & Motel Department Store Clothing Store Bar & Pub Food Market Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madrid
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.1489772
    Latitude
    35.40970579

    Nearby Similar for Sale

    • $549,000
      3,748 SF

      Commercial Property in Madrid, NM

      Turnkey commercial property with apartments and casita in Madrid's business district.
      2864 Nm 14, Madrid, NM 87010
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.75-acre lot with well, power, flat, and commercial/residential zoning.
    Where is this commercial land located?
    The property is located at 34 Ice House Rd Madrid, NM.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Ready-to-build 0.75-acre lot with existing well and power.; - Zoned commercial/residential, allowing live-work builds.; - Walkable to Madrid's art galleries, restaurants, and shops.
    (505) 916-6644
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    34 Ice House Rd Madrid, NM 87010
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    Madrid, NM 87010
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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
    34 Ice House Rd Madrid, NM 87010
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