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    84 Hwy South Chama, NM 87520

    For Sale
    $200,000

    COMMERCIAL - Chama, NM

    Property size:
    127,630 SF
    Lot size:
    2.93 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 11 at 5:06 am

    Property Features for 84 Hwy South

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    R038331
    Size
    127,630 SF
    Lot size
    2.93 Acres

    Utilities

    Water front
    1

    Mossy Oak Properties (505) 865-7800

    Listing agent Lawrence A. Romero (505) 264-0234 License #20328

    Listing date Dec 1, 2025

    MLS# 202101249 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

    Commercial Land on Highway 84

    This commercial property is located in Northern New Mexico and features highway frontage on NM State Highway 84. The 2.93-acre lot offers significant potential for establishing a new business or relocating an existing one. A 495 sq ft modular studio apartment is situated at the back of the property and is currently occupied. The apartment is connected to village utilities, including gas, water, sewer, and electric services. Verification would be needed to confirm utility availability for the vacant portion of the property. Positioned along the main highway through the village, the property is near the intersection of Highways 84 and 64, which leads west to Pagosa Springs, Colorado. The location benefits from substantial traffic flow, making it a prime business location. It is situated just south of Lowe's Chama Valley Grocery Store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chama
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.579358
    Latitude
    36.862972

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    FAQs

    What type of property is this?
    Commercial land - 2.93 acres with highway frontage in Chama, New Mexico.
    Where is this commercial land located?
    The property is located at 84 Hwy South Chama, NM.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Highway frontage on NM State Highway 84 offering high visibility and traffic flow.; - 2.93 acres +/- of commercial property with unlimited business potential.; - Prime location near the intersection of Highways 84/64, providing access to Pagosa Springs, Colorado.
    (505) 264-0234
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    Chama, NM 87520
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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

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    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
    84 Hwy South Chama, NM 87520
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