Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    40 Blue Sky Corrales, NM 87048

    Sponsored
    For Sale
    $355,000

    LAND - Corrales, NM

    Lot size:
    1.00 Acre
    Days on Market:
    105
    Last Refresh:
    Jan 8 at 3:06 pm

    Property Features for 40 Blue Sky

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    R191237
    Lot size
    1.00 Acre

    Absolute Real Estate (505) 681-8578

    Listing agent Michael Schlichte (505) 318-6264 License #17987

    Listing date Sep 26, 2025

    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

    Corrales, NM: 1-Acre Home Lot

    This 1-acre lot is located in Corrales, New Mexico. The property offers views of the Sandia Mountains. It is positioned among mature trees. The lot is suitable for building a custom home and provides space for horses, gardens, or a private retreat. The location offers a rural environment with proximity to city conveniences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Corrales
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6035334
    Latitude
    35.26540884

    Nearby Similar for Sale

    • $2,450,000
      26,286 SF

      Corrales Industrial Property For Sale

      Industrial property in Corrales with income potential.
      325 Academy Dr, Corrales, NM 87048
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1-acre lot in Corrales with mountain views, ready for building.
    Where is this residential land & home lot located?
    The property is located at 40 Blue Sky Corrales, NM.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: - One-acre custom home lot in Corrales.; - Breathtaking views of the Sandia Mountains.; - Serene property with mature trees.
    (505) 318-6264
    Request Owner's contact information
    40 Blue Sky Corrales, NM 87048
    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.
    40 Blue Sky
    Corrales, NM 87048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    40 Blue Sky Corrales, NM 87048
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.