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

    Baca Drive Belen, NM 87002

    View on Map
    Picture of Land at Baca Drive, Belen, NM
    For Sale
    Contact for pricing

    LAND - Belen, NM

    Lot size:
    1.00 Acre
    Added:
    Apr 14, 2024
    Days on Market:
    720
    Last Refresh:
    Apr 3 at 3:06 pm

    Property Features for Baca Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1006026013215000000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    76

    We can help!

    Listing Contact
    Marjorie K Martin
    Marjorie K Martin

    Listing agent Marjorie K Martin License #48614

    Listing office Coldwell Banker Legacy 1775 Main Street SE, Albuquerque, NM

    Listing date Apr 14, 2024

    MLS# 1060890

    Copyright © 2025 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.

    Overview

    Land with Mountain Views

    This one-acre parcel of vacant land is located in West Belen, New Mexico, and offers views of the Manzano Mountains. Electricity is available in the area, but there are no utilities currently on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.588
    Latitude
    34.5756

    Nearby Similar for Sale

    • $675,000
      1,338 SF

      Three Homes on Three Acres

      Three homes on 3 acres with highway frontage and income.
      19649 Highway 314, Belen, NM 87002
      View Details
    • $375,000

      Commercial Land in Belen, NM

      5.19-acre commercial land with high visibility and freeway access.
      Highway 314, Belen, NM 87002
      View Details
    • $375,000

      Commercial Land in Belen, NM

      1.88-acre commercial land with high visibility and accessibility.
      Highway 314, Belen, NM 87002
      View Details
    • $399,900
      3,461 SF

      Two Houses on Eight Acres

      Two southwestern-style houses with workshop on 8 acres.
      25 JENNIFER Street, Belen, NM 87002
      View Details
    • $349,000

      Land with Water Rights

      3.99 acres of land with pre-1907 water rights.
      N Mesa Road, Belen, NM 87002
      View Details
    • $460,000

      Usable Acreage with Key Improvements

      5.24 acres with water rights, mature trees, and utilities.
      30 Pluma Road, Belen, NM 87002
      View Details
    • $495,000

      Prime Commercial Land in Belen

      3.57 acres in high-traffic area near I-25.
      I 25 Bypass, Belen, NM 87002
      View Details
    • $430,000

      Belen Land Development Opportunity

      7.18 acres of land for development in Belen, NM.
      7.18 Acres Off I-25 Bypass Road, Belen, NM 87002
      View Details
    • $4,500

      Land For Sale, Belen, NM

      5 acre commercial land available in Belen, New Mexico.
      Balsam Circle lot: 2, Belen, NM 87002
      View Details
    • $11,000

      Belen, NM 10-Acre Lot

      10-acre lot in Tierra Grande Community, Belen, NM.
      Manzanita Drive lot: 1, Belen, NM 87002
      View Details
    • $23,000

      Land in Rio Communities, Belen

      7.85 acre lot with open views in Belen, NM.
      49 Mora Drive, Belen, NM 87002
      View Details
    • $356,000

      Belen, NM Land For Sale

      6.81 acre commercial land with utilities in Belen, NM.
      Camino Torres Road SW, Belen, NM 87002
      View Details

    FAQs

    What type of property is this?
    Land - One acre parcel in Belen, NM with mountain views.
    Where is this land located?
    The property is located at Baca Drive Belen, 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: One acre parcel of land.; Enjoy VIEWS of the Manzano Mountains.; Located in West Belen.
    (505) 301-7215
    We can help!
    Listing Contact
    Marjorie K Martin
    Marjorie K Martin
    Real Estate License ID: 48614
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!