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

    DINKLE/HILLCREST Edgewood, NM 87015

    View on Map
    Picture of Residential land & home lots at DINKLE/HILLCREST, Edgewood, NM
    For Sale
    $190,000

    LAND - Edgewood, NM

    Lot size:
    20.00 Acres
    Added:
    May 16, 2025
    Days on Market:
    323
    Last Refresh:
    Apr 3 at 3:06 pm

    Property Features for DINKLE/HILLCREST

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    98206153
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 1- 18 UNIT 12-C
    Tax Annual Amount
    600

    We can help!

    Listing Contact
    Frank Andreone

    Listing agent Frank Andreone License #25713

    Listing office Coldwell Banker Legacy 6767 Academy Road NE, Albuquerque, NM

    Listing date May 16, 2025

    MLS# 1084100 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.

    Overview

    Edgewood Land Package For Sale

    A package of 18 lots, ranging from 0.75 to 1.2 acres each, is available for bulk sale. The total area of these lots is approximately 15.5 acres, not counting roadways. The plat is available in the documents. Note that Unit 12-B, consisting of 3 lots, is currently pending.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Edgewood
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.179277
    Latitude
    35.084641

    Nearby Similar for Sale

    • $545,000

      Edgewood Commercial Building For Sale

      Well-maintained 6-unit commercial building with parking and storage.
      3 George Court, Edgewood, NM 87015
      View Details
    • $2,215,000

      Prime Commercial Land in Edgewood

      Highly visible 4.13-acre commercial land in a bustling community.
      12 Edgewood 7 Road, Edgewood, NM 87015
      View Details
    • $2,215,000

      Prime Commercial Land in Edgewood

      Highly visible 4.13-acre commercial land in a bustling community.
      12 Edgewood 7 Road, Edgewood, NM 87015
      View Details
    • $59,999

      Edgewood Land on Historic Route

      4-acre vacant lot with frontage on Historic Route 66.
      2063 Old US 66, Edgewood, NM 87015
      View Details
    • $29,000

      Land For Sale, Edgewood, NM

      One acre of land available in Edgewood, New Mexico.
      10 Glacier Trail, Edgewood, NM 87015
      View Details
    • $399,900

      119 Acres in Edgewood, NM

      Large land parcel with meadows, woods, and 360-degree views.
      McComb Road unit: Tract Aa, Edgewood, NM 87015
      View Details
    • $40,000

      Edgewood Land with Mountain Views

      3.24 acre building lot in gated community near Albuquerque.
      19 Camino Monte Azul, Edgewood, NM 87015
      View Details
    • $225,000

      Sandia Airpark Hangar on Acreage

      2,000 SF hangar on 1.12 acres in Sandia Airpark.
      86 Blanco Drive, Edgewood, NM 87015
      View Details
    • $65,000

      Edgewood Land: Build Your Dream

      2.26-acre wooded lot in Edgewood, NM with utilities available.
      Lucas Road, Edgewood, NM 87015
      View Details
    • $28,000

      Edgewood Land For Sale

      Partially wooded 2.21 acre lot in Edgewood, New Mexico.
      90 Jesse James Road, Edgewood, NM 87015
      View Details
    • $109,900

      Expansive Lot in Stoneridge Subdivision

      1.2 acre lot in Edgewood's newest subdivision.
      12 Wildwood Drive, Edgewood, NM 87015
      View Details
    • $174,900

      Land in Stoneridge Subdivision, Edgewood

      Large lots with mountain views and easy I-40 access.
      16 Wildwood Drive, Edgewood, NM 87015
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Package of 18 lots totaling approximately 15.5 acres.
    Where is this residential land & home lot located?
    The property is located at DINKLE/HILLCREST Edgewood, NM.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: Bulk sale of 18 lots.; Totaling approximately 15.5 acres.; Lot sizes range from 0.75 to 1.2 acres.
    (505) 857-2328
    We can help!
    Listing Contact
    Frank Andreone
    Real Estate License ID: 25713
    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!