Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Highway Frontage Title is generated by Realmo AI

    Colletti Drive A, Moriarty, NM 87035

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Moriarty, NM

    Lot size:
    2.00 Acres
    Added:
    Sep 12, 2020
    Days on Market:
    2085
    Last Refresh:
    May 28 at 2:06 am

    Property Features for Colletti Drive A

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    PropaneTankLeased
    Standard status
    Active
    APN
    104804828501100000
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    169

    Utilities

    Utilities
    Propane
    Water source
    Well

    We can help!

    Listing Contact
    Cara Brenza
    Cara Brenza

    Listing agent Cara Brenza License #18553

    Listing office Realty One of New Mexico 4121 Wyoming Blvd NE Suite #2, Cedar Crest, NM

    Listing date Sep 12, 2020

    MLS# 1024476 Listing URL

    Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highway 41 Frontage: Offers excellent visibility and accessibility.
    • 4 Acres (2 Lots): Provides ample space for various uses.
    • No Restrictions: Allows for flexible development and usage options.
    • Manufactured Homes Allowed: Suitable for diverse housing preferences.
    • Electricity at the Line: Simplifies utility connection.
    • Proven Wells in the Area: Indicates reliable water source potential.

    Overview

    Two adjacent lots are available, totaling 4 acres. The land is located directly off Highway 41 and features highway frontage. According to the listing information, there are no restrictions on the land, offering opportunities for various uses, including manufactured homes or homesteading. Electricity is available at the property line, and there are proven wells in the surrounding area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -105.708
    Latitude
    34.9154

    Nearby Similar for Sale

    • $825,000

      Land Near Interstate 40

      2.72 acre commercial land with high visibility near Interstate 40.
      207 Abrahames Road, Moriarty, NM 87035
      View Details
    • $595,000
      5,550 SF

      Moriarty Commercial Property For Sale

      Two buildings totaling 5,550 SF on 2.41 acres.
      111 N CORVIN Court, Moriarty, NM 87035
      View Details
    • $20,900

      Vacant Land in Moriarty, NM

      4.81-acre vacant land parcel suitable for manufactured homes.
      Roan Avenue N, Moriarty, NM 87035
      View Details
    • $20,000

      Commercial Land Near Route 66

      City lot near Route 66 with I-40 access.
      410 W Irene Avenue lot: 7, Moriarty, NM 87035
      View Details
    • $35,000

      Commercial Land on Route 66

      Commercial property with Route 66 frontage in Moriarty, NM.
      503 U.S. Route 66 Lot 12, Moriarty, NM 87035
      View Details
    • $20,000

      Commercial Land Near Route 66

      City lot near Route 66 with I-40 access.
      410 W Irene Avenue lot: 6, Moriarty, NM 87035
      View Details
    • $30,000

      Land in Moriarty, New Mexico

      4.99 acres of land perfect for building your dream home.
      McCrary lands Bates Road, Moriarty, NM 87035
      View Details
    • $245,000

      Commercial Investment Property on Route 66

      Commercial property with highway frontage and income-producing water station.
      503 Us Route 66 - Lulu's Kitchen, Moriarty, NM 87035
      View Details
    • $49,700

      Land For Sale Moriarty, NM

      5 acre land parcel available in Moriarty, New Mexico.
      Appaloosa Road, Moriarty, NM 87035
      View Details
    • $30,000

      Land For Sale Moriarty, NM

      5.05 acre land parcel available in Moriarty, New Mexico.
      Bates Road, Moriarty, NM 87035
      View Details
    • $15,000

      Land Available in Moriarty, NM

      Multiple lots available with city utilities in Moriarty, New Mexico.
      6TH Street, Moriarty, NM 87035
      View Details
    • $25,000

      Moriarty, NM Land For Sale

      Land for sale in Moriarty, NM near Highway 41.
      6TH Street, Moriarty, NM 87035
      View Details

    FAQs

    What type of property is this?
    Land - Two adjacent lots totaling 4 acres with highway frontage.
    Where is this land located?
    The property is located at Colletti Drive A Moriarty, NM.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Highway 41 Frontage: Offers excellent visibility and accessibility.; 4 Acres (2 Lots): Provides ample space for various uses.; No Restrictions: Allows for flexible development and usage options.
    (505) 980-1323
    We can help!
    Listing Contact
    Cara Brenza
    Cara Brenza
    Real Estate License ID: 18553
    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

    Thank You for Inquiry
    Colletti Drive (A), Moriarty, NM 87035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!