Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Off of Hwy 11 and S Pie st Columbus, NM 88029

    View on Map
    For Sale
    $75,000

    Vacant Land - Columbus, NM

    Lot size:
    180.00 Acres
    Added:
    Oct 24, 2025
    Days on Market:
    162
    Last Refresh:
    Apr 3 at 5:06 am

    Property Features for Off of Hwy 11 and S Pie st

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    180.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Conger

    Listing agent John Conger

    Listing office National Land Realty, Central AZ 16446 E. Tombstone Avenue, Fountain Hills, NM

    Listing date Oct 24, 2025

    MLS# 11597111 Listing URL

    Copyright © 2026 My State 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

    Vacant Land in Luna County

    This 180-acre property is located in rural Luna County, New Mexico, just north of Columbus and east of Hwy 11. The land is accessible via a good dirt road and offers views. The property has good soil, suitable for gardening. There are no HOA or CCRs. While currently off-grid, there is a possibility of power. Wildlife such as quail and rabbits can be found on the property. The listing mentions the potential for owner financing with 20% to 25% down and upwards of 7 to 10 years to pay off. The property could be suitable for a stockyard or raising cows using an indoor Fodder Growing System technology. There are actually two parcels, with coordinates 31.87761 -107.59031. Another 40-acre parcel is available for sale across town.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Columbus
    County
    Luna
    State
    New Mexico
    Longitude
    -107.64
    Latitude
    31.8297

    Nearby Similar for Sale

    • $5,500

      Corner Lot in Columbus, NM

      7,000 sq ft corner lot near highways 11 and 9.
      E Ross Ave, Columbus, NM 88029
      View Details
    • $3,250

      Columbus, NM Land For Sale

      Spacious lot near highways, ideal for development or investment.
      E Higday Ave, Columbus, NM 88029
      View Details
    • $19,500

      Columbus, NM Land Opportunity

      Spacious land near businesses, stores, and schools. Ideal investment.
      W Houston Avenue, Columbus, NM 88029
      View Details
    • $144,000

      Columbus NM Land For Sale

      10 acres with frontage on Columbus Hwy 11.
      Columbus Hwy 11, Columbus, NM 88029
      View Details
    • $81,000

      Unimproved Land in Luna County

      135 acres near Columbus, NM, with development potential.
      S Pie Rd SE, Columbus, NM 88029
      View Details
    • $46,000

      Land Southwest of Columbus, NM

      80 acres of land near Columbus, New Mexico.
      No Street, Columbus, NM 88029
      View Details
    • $20,000

      40 Acres Vacant Land

      40 acre vacant land tract west of Columbus, New Mexico.
      1111 w Jones rd, Columbus, NM 88029
      View Details
    • $1,387,200
      10,640 SF

      New Development Dollar General

      New Dollar General in Columbus, NM with long-term lease.
      387 Blair St, Columbus, NM
      View Details
    • $4,500

      Land Near Mexico Border

      Land parcels near the border, owner financing considered.
      Eastside Street, Columbus, NM 88029
      View Details
    • $4,500

      Land Near Mexico Border

      Land parcels near the border, owner financing considered.
      Eastside Addition Street, Columbus, NM 88029
      View Details

    FAQs

    What type of property is this?
    Land - 180 acres of land in Southern New Mexico.
    Where is this land located?
    The property is located at Off of Hwy 11 and S Pie st Columbus, NM.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 140 acres of land in Southern New Mexico; Owner financing available with 20‑25% down and 7‑10 year payoff; No HOA or CCR's
    (602) 502-1580
    We can help!
    Listing Contact
    John Conger
    Real Estate License ID: BR547808000
    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!