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

    60 Meritage Rd Truth or Consequences, NM 87901

    Sponsored
    For Sale
    Pending
    $55,000

    LAND - Truth Or Consequences, NM

    Lot size:
    1.11 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 4 at 5:06 am

    Property Features for 60 Meritage Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    3017076040407
    Lot size
    1.11 Acres

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    C. Earl Greer

    Plaza Realty (575) 744-5140

    Listing agent C. Earl Greer (575) 744-5140

    Listing date Mar 4, 2026

    MLS# 20260031 Listing URL

    Copyright © 2026 New Mexico 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

    Premier View Lot Opportunity

    This 1.11-acre view lot offers sweeping panoramas of the San Mateo, Magdalena, Fra Cristobal, Caballo, and Black Ranch Mountains, overlooking nearly the entire Elephant Butte Lake. Located adjacent to the lake at the end of a quiet cul-de-sac, the property provides privacy and access to outdoor activities. Residents can enjoy boating, fishing, and paddleboarding at Elephant Butte, as well as off-road exploration on surrounding open lands. The location offers dark-sky stargazing, sunsets, and desert evenings. Restrictive covenants are in place to help protect investment. The property is located minutes from Truth or Consequences, Elephant Butte, and Spaceport America, with access to millions of acres of public land. This lot is suited for outdoor enthusiasts, adventure seekers, or those seeking open space and views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Truth or Consequences
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.1653116
    Latitude
    33.15931255

    Nearby Similar for Sale

    • $949,900
      0.23 Acres

      Restored Mixed-Use Building in Downtown

      Restored mixed-use commercial/residential building with solar array and upgrades.
      402 Main Ave, Truth or Consequences, NM 87901
      View Details
    • Contact for pricing
      5,528 SF

      Hoosier Hot Springs Historic District

      Historic district property with hot springs, inn, and residences.
      516 Austin St, Truth or Consequences, NM 87901
      View Details
    • Contact for pricing
      5,528 SF

      Historic Hot Springs Hotel in NM

      Charming Hotel, Spa & Rental Units
      516 Austin St, Truth or Consequences, NM 87901
      View Details
    • $265,000
      1.00 Acre

      Prime Income-Producing Storage Units

      24 Units, High Demand Location, NM
      158 New School Rd, Truth or Consequences, NM 87935
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Incredible view lot near Elephant Butte Lake and Spaceport America.
    Where is this residential land & home lot located?
    The property is located at 60 Meritage Rd Truth or Consequences, NM.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Unparalleled panoramic views of multiple mountain ranges and Elephant Butte Lake.; - Prime location adjacent to Elephant Butte Lake with direct access to boating, fishing, and paddleboarding.; - Exceptional privacy and tranquility at the end of a quiet cul-de-sac.
    (505) 350-1155
    Request Owner's contact information
    60 Meritage Rd Truth or Consequences, NM 87901
    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.
    60 Meritage Rd
    Truth or Consequences, NM 87901
    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
    60 Meritage Rd Truth or Consequences, NM 87901
    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
    C. Earl Greer
    (505) 350-1155 (575) 744-5140
    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!