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

    PD 1796 Chama, NM 87520

    View on Map
    Claim this Listing
    Pending
    $55,000

    LAND - Chama, NM

    Lot size:
    10.00 Acres
    Added:
    Jul 9, 2025
    Days on Market:
    296
    Last Refresh:
    Apr 30 at 2:06 pm

    Property Features for PD 1796

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural Residential
    Standard status
    Pending
    APN
    R008215
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Block 4, Lot 4, Chama West
    Tax Annual Amount
    527

    We can help!

    Listing Contact
    Michele A. Marino
    Michele A. Marino

    Listing agent Michele A. Marino License #18111

    Listing office Realty One of Chama 669 Terrace Ave, Chama, NM

    Listing date Jul 9, 2025

    MLS# 202503110 Listing URL

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

    Overview

    Chama, NM Land with Views

    This 10-acre land parcel, zoned for Rural Residential use, offers sweeping views of the surrounding valley and mountains to the north. Community water is available for an additional price. The property presents several choice spots for a year-round residence or weekend getaway home. The village of Chama is located a short distance away, providing convenient access to shopping. Two rivers are nearby, offering opportunities for flyfishing. The location is suited for those who enjoy the outdoors and cool summer temperatures.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Chama
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.568
    Latitude
    36.9244

    Nearby Similar for Sale

    • $519,500
      4,430 SF

      Historic Old Town Retail Opportunity

      Versatile retail building in historic Old Town Chama, New Mexico.
      503 Terrace Avenue, Chama, NM 87520
      View Details
    • $300,000
      3,660 SF

      Chama Restaurant and Saloon

      Historical restaurant and saloon in Chama, NM for sale.
      2281 State Rd 17, Chama, NM 87520
      View Details
    • $399,000
      3,800 SF

      Remodeled Income Property Near Railroad

      Versatile triplex near Cumbres & Toltec Scenic Railroad.
      421 Maple Avenue, Chama, NM 87520
      View Details
    • $680,675

      Land in Ticonderoga Subdivision

      272.27-acre property with diverse landscape and abundant wildlife.
      Ticonderoga Dr, Chama, NM 87520
      View Details
    • $50,000

      Land in Chama, New Mexico

      Land offers convenience, nature, and opportunity in Chama, New Mexico.
      701 Grove Avenue, Chama, NM 87520
      View Details
    • $34,900

      Land with Scenic Views

      Off-grid property near rivers and national forests, ideal for recreation.
      Unit 1, Tr-9B, Ponderosa, Chama, NM 87520
      View Details
    • $75,000

      Vacant Land Near Heron Lake

      7.26 acres of land near Heron Lake, New Mexico.
      U.S. Highway 64, Chama, NM 87520
      View Details
    • $210,000

      Chama Land with Recreational Access

      27.93-acre parcel with utilities and recreational amenities.
      6 Badger Park, Chama, NM 87520
      View Details
    • $85,000

      Chama, NM Land with Well

      8+ acres with well, suitable for seasonal living or building.
      Lakeview, Chama, NM 87520
      View Details
    • $85,000

      Chama Valley Camp Renegade Land

      2.7 acre basecamp for outdoor adventures in Chama Valley.
      99 Private Drive 1781A, Chama, NM 87520
      View Details
    • $37,500

      Chama, NM Land Parcel

      One acre parcel with Ponderosa pines near Brazos River.
      Venado, Chama, NM 87575
      View Details
    • $95,000

      Commercial Lot on Highway 84/64

      Half-acre commercial lot with highway frontage in Chama, New Mexico.
      2681 S HWY 84/64, Chama, NM 87520
      View Details

    FAQs

    What type of property is this?
    Land - 10 acre land parcel with mountain views near Chama, NM.
    Where is this land located?
    The property is located at PD 1796 Chama, NM.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Sweeping views of the surrounding valley and mountains.; Good road access.; Community water available.
    (575) 756-1351
    We can help!
    Listing Contact
    Michele A. Marino
    Michele A. Marino
    Real Estate License ID: 18111
    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!