Sign Up Successful!
You now have access to more from Realmo!
    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

    Somerset St Belen, NM 87002

    Sponsored
    For Sale
    $49,000

    LAND - Belen, NM

    Lot size:
    32,670.00 Acres
    Days on Market:
    79
    Last Refresh:
    Jan 26 at 9:06 pm

    Property Features for Somerset St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-1, 2, 3, 4, 5, 6,RM, MF
    APN
    1009029410400100140
    Lot size
    32,670.00 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Leonel Munoz

    Regal Real Estate Experts (505) 301-1292

    Listing agent Leonel Munoz (505) 301-1292 License #REC20220835

    Listing date Nov 9, 2025

    MLS# 202505020

    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.

    Learn more

    Property Insight Report

    Overview

    Land Available in Belen, NM

    Multiple residential lots are available in Belen, New Mexico. The lots are mostly zoned residential and allow for the construction of mobile homes and traditional homes. The available lots are sold at a minimum of a 0.75 package. Owner financing is available with specific down payment and interest terms depending on the number of lots purchased and intended use, with options for individual buyers planning to build their own homes or for builders acquiring multiple lots. The total lot size is 32670 acres. The property is located in Tome.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.734097
    Latitude
    34.674917

    Nearby Similar for Sale

    • $265,000
      1.80 Acres

      Belen Commercial Opportunity For Sale

      4,596 sqft building on 1.8 acres, high visibility location.
      921 E River Rd, Belen, NM 87002
      View Details
    • Contact for pricing
      1.00 Acre

      Land with Scenic Views

      One-acre land parcel in Belen, New Mexico, with beautiful views.
      Rio Grande Est, Belen, NM 87002
      View Details
    • $4,400,000
      9,462 SF

      Renovated Gas Station & Restaurant

      Newly renovated gas station and restaurant with high traffic location.
      51 I-25 Byp Rd, Belen, NM
      View Details
    • $1,675,000
      15,610 SF

      Retail Strip Mall Investment Opportunity

      Retail strip mall on Belen's Main Street. 100% occupied.
      613 N Main St, Belen, NM 87002
      View Details
    • $795,000
      14,745 SF

      Established Car Dealership on Corner

      Well-established car dealership ideal for auto sales and repairs.
      800 E River Rd, Belen, NM 87002
      View Details
    • $1,100,000
      6,500 SF

      Belen Commercial Building For Sale

      6,500 SF building in Belen, includes inventory and equipment.
      19611 Nm-314, Belen, NM 87002
      View Details
    • $750,000
      2,128 SF

      4.79 Acres with Water Rights

      4.79 acres featuring water rights, wells, and a mobile home.
      171 Camino De Los Chavez, Belen, NM 87002
      View Details
    • $219,000
      800 SF

      Restaurant Building on Large Lot

      800 SF restaurant on 0.48 acre lot for sale.
      2350 Nm-47, Belen, NM
      View Details
    • Contact for pricing
      1.00 Acre

      Land For Sale, Belen, NM

      Land conveniently close to town in Belen, New Mexico.
      1273 Lot 46-47, Belen, NM 87002
      View Details
    • $1,100,000
      6,500 SF

      Retail Space in Belen, NM

      Versatile retail space in a strategic Belen location.
      19611 Nm-314, Belen, NM
      View Details
    • $575,000
      3,000 SF

      Restaurant and Bar For Sale

      Restaurant and bar on 1.8 acre corner lot.
      629 S Main St, Belen, NM 87002
      View Details
    • $275,000
      1,786 SF

      Historic Plaza Office Building

      Office building in the center of town on Main Street.
      201 S Main St, Belen, NM 87002
      View Details

    FAQs

    What type of property is this?
    Land - Residential lots available for builders or individual home construction.
    Where is this land located?
    The property is located at Somerset St Belen, NM.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: - Owner financing available, interest rates at 8.75%; - Multiple lots available for residential development; - Builders, take note: price reduction up to $4,000 per lot when purchasing multiple lots
    (505) 301-1292
    Request Owner's contact information
    Somerset St Belen, NM 87002
    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.
    Somerset St
    Belen, NM 87002
    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
    Somerset St Belen, NM 87002
    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

    We can help!
    Listing Contact
    Leonel Munoz
    Real Estate License ID: REC20220835
    (505) 301-1292
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.