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

    Hereford Rd SE Block 5 Lot 3 Deming, NM 88030

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Deming, NM

    Lot size:
    1.15 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 17 at 3:06 pm

    Property Features for Hereford Rd SE Block 5 Lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3047138193254
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Description
    L Lazy V Estates Block 5 Lot 3

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Connor Murray
    Connor Murray

    Listing agent Connor Murray License #REC-2022-0280

    Listing office EXIT Realty Horizons 3519 Foothills Rd., Las Cruces, NM

    Listing date Mar 23, 2026

    MLS# 2600934 Listing URL

    Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Undeveloped Land in Deming, NM

    This is a 1.13-acre undeveloped land located in L Lazy V Estates Block 5 Lot 3. Situated in a secluded country setting, the property offers mountain and desert views while being in close proximity to the amenities of Deming. The lot has access to City of Deming Water and PNM Electric at the street. Other utilities, such as a septic tank and propane tank, will require buyer installation if desired. There are no HOAs or covenants, codes, or restrictions. The seller is offering owner financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Deming
    County
    Luna
    State
    New Mexico
    Longitude
    -107.689659
    Latitude
    32.261829

    Nearby Similar for Sale

    • $1,500,000
      6,500 SF

      Deming Medical Clinic For Sale

      6,500 SF medical clinic and urgent care center.
      1511 Lime Street, Deming, NM 88030
      View Details
    • $895,000

      Deming Warehouse Opportunity For Sale

      Two-building warehouse totaling 124,800 SF on 12.24 acres.
      2700 SE Atlantic Way, Deming, NM 88030
      View Details
    • $45,000

      Land with Mountain Views

      10 acres near Deming, NM with well and septic.
      Chato Dr NW, Deming, NM 88030
      View Details
    • $46,000

      10 Acres Near Deming, NM

      10-acre parcel near Deming with well, septic, and electric.
      3150 Franklin Rd SE, Deming, NM 88030
      View Details
    • $39,900

      5-Acre Land Parcel in Deming

      5-acre property with adobe structure near Florida Mountains.
      4425 Codorniz Rd SE, Deming, NM 88030
      View Details
    • $45,000

      Land with Utilities Near Deming

      2.51 acres with well, septic, and electric near Deming.
      1800 NE Cibecue Road, Deming, NM 88030-3717
      View Details
    • $224,648

      Deming, NM Commercial Building

      Commercial building in Deming, NM, suitable for various uses.
      900 W BIRCH ST, Deming, NM 88030
      View Details
    • $3,000

      Land with Mountain Views

      2.5-acre land parcel in Deming, NM with mountain views.
      Ponderosa Rd SE, Deming, NM 88030
      View Details
    • $1,950

      Deming, NM - 1 Acre Land

      One acre of raw land near Florida Mountains.
      Acoma Rd SW, Deming, NM 88030
      View Details
    • $6,500

      Land with Panoramic Mountain Views

      5-acre property near Columbus, NM, with open space and views.
      Blazing Trail SE, Deming, NM 88030
      View Details
    • $30,000

      Land Near Deming, NM

      Residential land near Deming, NM, priced to sell.
      Dona Ana Road, Deming, NM 88030
      View Details
    • $2,500

      Half Acre Desert Property

      Half acre property near Florida Mountains, Deming, New Mexico.
      Tamarack Rd SE, Deming, NM 88030-3717
      View Details

    FAQs

    What type of property is this?
    Land - 1.13-acre lot with utilities access near Deming amenities.
    Where is this land located?
    The property is located at Hereford Rd SE Block 5 Lot 3 Deming, 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: 1.13‑acre lot offering SECLUDED COUNTRY LIVING with mountain and desert views.; Enjoy the convenience of CLOSE PROXIMITY TO THE AMENITIES OF DEMING.; Access to City of Deming Water and PNM Electric at the street.
    (603) 918-1745
    We can help!
    Listing Contact
    Connor Murray
    Connor Murray
    Real Estate License ID: REC-2022-0280
    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!