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

    Lot 48 Santa Rita Ranches Magdalena, NM 87825

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Riley, NM

    Lot size:
    20.00 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    57
    Last Refresh:
    Apr 17 at 8:06 am

    Property Features for Lot 48 Santa Rita Ranches

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    038002005448
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5

    We can help!

    Listing Contact
    Leroy J Chavez

    Listing agent Leroy J Chavez License #47469

    Listing office Realty One of New Mexico 4121 Wyoming Blvd NE, Albuquerque, NM

    Listing date Feb 19, 2026

    MLS# 1098772 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

    Land in Santa Rita Ranches

    This 20-acre lot is located approximately 25 miles north of Magdalena in historic Riley, NM, within the Santa Rita Ranches. The property offers views of Ladron and Bear Mountains and lies just west of the Rio Salado. It is situated in Unit 13 and is suitable for building a home or hunting place. Electricity is located nearby. The property is part of the Santa Rita Ranches Property Owners Association, which has covenants in place for the area's protection. The owner association fee is $200 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Magdalena
    County
    Socorro
    State
    New Mexico
    Longitude
    -107.241038
    Latitude
    34.381964

    Nearby Similar for Sale

    • $149,000
      590 SF

      Magdalena Triplex with Mountain Views

      Three well-maintained rental units with recent renovations and mountain views.
      903-907 S Main Street, Magdalena, NM 87825
      View Details
    • $263,000

      Land Near Highway 60

      Approximately 8.64 acres near Highway 60 in Magdalena, New Mexico.
      120 Phoenix Drive, Magdalena, NM 87825
      View Details
    • $25,000

      Hop Canyon Treed Land

      1.58 acres of treed land near Magdalena, New Mexico.
      Hop Canyon Road lot: 30, Magdalena, NM 87825
      View Details
    • $75,000

      Double Lot in Magdalena, NM

      Double lot with utilities and redevelopment opportunity in Magdalena, NM.
      901 3rd Street, Magdalena, NM 87825
      View Details
    • $65,000

      Ready-to-Build Lot in Magdalena, NM

      Build-ready lot with utilities in the heart of Magdalena.
      3rd Street, Magdalena, NM 87825
      View Details
    • $47,500

      Magdalena Land with Panoramic Views

      20+ acre property near Magdalena, NM with 360° views.
      123 Ridge View Road, Magdalena, NM 87825
      View Details
    • $25,000

      Magdalena, NM Land Parcel

      Budget-friendly infill lot in Magdalena, New Mexico.
      3rd Street, Magdalena, NM 87825
      View Details
    • $34,000

      Land with Mountain Views

      20+ acre lot near Magdalena, NM with mountain views.
      Lot 24 Pinon Springs Road, Magdalena, NM 87825
      View Details
    • $5,700

      Land in Magdalena, New Mexico

      5-acre land parcel suitable for off-grid living.
      RRG Lot: 106 unit: 6, Magdalena, NM 87825
      View Details
    • $22,000

      Land in Historic Riley, NM

      20 acres near Magdalena with mountain views and starry skies.
      Lot 27 Santa Rita Ranches, Riley, NM 87825
      View Details
    • $310,000

      Land Bordering National Forest

      141+ acre property bordering National Forest with mountain views.
      Magdalena Mountain Ranch lot: 5, Magdalena, NM 87825
      View Details
    • $28,900

      Tranquil Land Parcel in Magdalena

      30-acre land parcel near Magdalena, NM, ideal for recreation.
      Lot 173 Pinon Springs Ranch, Magdalena, NM 87825
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 20 acre lot in Riley, NM with mountain views.
    Where is this residential land & home lot located?
    The property is located at Lot 48 Santa Rita Ranches Magdalena, 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: 20‑acre property ideal for a secluded get‑away home or hunting place.; Located in historic Riley, NM (Santa Rita Ranches) with great views of Ladron and Bear Mountains.; Electricity is located nearby the property.
    (505) 280-2031
    We can help!
    Listing Contact
    Leroy J Chavez
    Real Estate License ID: 47469
    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!