Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Block 15 lot 1-3 Willard, NM 87063

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Willard, NM

    Lot size:
    0.33 Acres
    Added:
    Apr 12, 2024
    Days on Market:
    756
    Last Refresh:
    May 7 at 9:06 am

    Property Features for Block 15 lot 1-3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1050024130021000000
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Subd: Kelly Lot: 1-3, Pt Of 24 Block: 15 Willard, Kelly Block 15 Lots 1-3, Pt Of Lot 24
    Tax Annual Amount
    4

    We can help!

    Listing Contact
    Jeffrey Rose
    Jeffrey Rose

    Listing agent Jeffrey Rose License #18774

    Listing office Exp Realty, LLC 100 Sun Ave NE Suite 650, ALBUQUERQUE, NM

    Listing date Apr 12, 2024

    MLS# 20242121 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.

    HighLights

    • Location: -106.02939, 34.596634

    Overview

    Land For Sale, Willard, NM

    This property features 0.33 acres of land located in Willard, New Mexico. The parcel is identified as Block 15, lots 1-3, within Torrance County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Willard
    County
    Torrance
    State
    New Mexico
    Longitude
    -106.01
    Latitude
    34.4464

    Nearby Similar for Sale

    • $2,000

      Land in Willard, New Mexico

      Quarter-acre commercial land for sale in Willard, New Mexico.
      11th Street, Willard, NM 87063
      View Details
    • $600

      Land in Willard, New Mexico

      Small piece of land in the quiet town of Willard.
      Becker Avenue lot: 5, Willard, NM 87063
      View Details
    • $1,500

      Land in Willard, New Mexico

      Land available in the quiet town of Willard, New Mexico.
      E 9Th Street lot: 15-16, Willard, NM 87063
      View Details
    • $1,400

      Land in Willard, New Mexico

      Small piece of New Mexico land in quiet Willard town.
      9th Street lot: 7-8, Willard, NM 87063
      View Details
    • $15,000

      Vacant Land in Willard, NM

      Three adjacent lots totaling 0.25 acres in Willard, NM.
      10th Street, Willard, NM 87063
      View Details
    • $45,000

      Willard, NM Land Parcel

      Large parcel of land with multiple potential home sites.
      11th Street, Willard, NM 87063
      View Details
    • $10,000

      Vacant Land in Willard, NM

      Two adjacent lots totaling 0.17 acre in Willard, NM.
      10th St. / Davies Ave., Willard, NM 87063
      View Details
    • $7,491

      Land For Sale, Willard, NM

      0.32 acre land available for purchase in Willard, New Mexico.
      Block 8 lot: : 1-4, Willard, NM 87063
      View Details
    • $7,306

      Land For Sale, Willard, NM

      0.31 acre commercial land available in Willard, New Mexico.
      Block 11 lot: : 15-18, Willard, NM 87063
      View Details
    • $1,925

      Land For Sale, Willard, NM

      Vacant land available for sale in Willard, New Mexico.
      Block 11 lot: : 1, Willard, NM 87063
      View Details
    • $7,605

      Land For Sale, Willard, NM

      0.33 acre commercial land available in Willard, New Mexico.
      Block 12 lot: : 3-6, Willard, NM 87063
      View Details
    • $175,000

      Willard, NM Land Opportunity

      160 acres with well, electricity, and seller financing.
      County Rd B 038, Willard, NM 87063
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.33 acre land available for purchase in Willard, NM.
    Where is this commercial land located?
    The property is located at Block 15 lot 1-3 Willard, 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: Location: -106.02939, 34.596634
    (505) 205-4175
    We can help!
    Listing Contact
    Jeffrey Rose
    Jeffrey Rose
    Real Estate License ID: 18774
    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

    Thank You for Inquiry
    Block 15 lot: : 1-3, Willard, NM 87063
    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!