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

    U.S Rt. 66 E Tr 2-A-2-D Moriarty, NM 87035

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,778

    2.294 acres of commercial land in Moriarty, New Mexico.

    Lot size:
    2.29 Acres
    Added:
    Jan 29, 2025
    Days on Market:
    453
    Last Refresh:
    Apr 1 at 8:48 pm

    Property Features for U.S Rt. 66 E Tr 2-A-2-D

    General Information

    Standard status
    Active
    Lot size
    2.29 Acres
    Property subtype
    Other

    We can help!

    Listing Contact
    Myra Oden

    Listing agent Myra Oden

    Listing office United Country Farm & Home

    Listing date Jan 29, 2025

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of United Country Farm & Home

    Overview

    Commercial Land on Route 66

    This 2.294-acre commercial development land is located on Route 66 in Moriarty, New Mexico, situated just off the east Interstate 40 interchange. The corner lot benefits from the availability of utilities in the street, including water, sewer, natural gas, power, and high-speed internet, ready to be accessed. The property is located in a high-traffic area near Lisa's Truck Stop. The zoning is M-1, manufacturing, industrial zone, which allows for many permissive uses without requiring a conditional use permit. The property is suited to any truck stop related business, hotel/motel, or big-box retail.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -105.708
    Latitude
    34.9154

    Nearby Similar for Sale

    • $825,000

      Land Near Interstate 40

      2.72 acre commercial land with high visibility near Interstate 40.
      207 Abrahames Road, Moriarty, NM 87035
      View Details
    • $595,000
      5,550 SF

      Moriarty Commercial Property For Sale

      Two buildings totaling 5,550 SF on 2.41 acres.
      111 N CORVIN Court, Moriarty, NM 87035
      View Details
    • $20,900

      Vacant Land in Moriarty, NM

      4.81-acre vacant land parcel suitable for manufactured homes.
      Roan Avenue N, Moriarty, NM 87035
      View Details
    • $20,000

      Commercial Land Near Route 66

      City lot near Route 66 with I-40 access.
      410 W Irene Avenue lot: 7, Moriarty, NM 87035
      View Details
    • $35,000

      Commercial Land on Route 66

      Commercial property with Route 66 frontage in Moriarty, NM.
      503 U.S. Route 66 Lot 12, Moriarty, NM 87035
      View Details
    • $20,000

      Commercial Land Near Route 66

      City lot near Route 66 with I-40 access.
      410 W Irene Avenue lot: 6, Moriarty, NM 87035
      View Details
    • $245,000

      Commercial Investment Property on Route 66

      Commercial property with highway frontage and income-producing water station.
      503 Us Route 66 - Lulu's Kitchen unit: 1764, Moriarty, NM 87035
      View Details
    • $20,000

      Corner Land Tract in Moriarty

      4.44 AC corner tract with electric access and views.
      Galloway/Belgian Avenue, Moriarty, NM 87035
      View Details
    • $30,000

      Land For Sale Moriarty, NM

      5.05 acre land parcel available in Moriarty, New Mexico.
      Bates Road, Moriarty, NM 87035
      View Details
    • $75,000

      Moriarty Land for Ranch Home

      Two contiguous lots totaling 10.08 acres ready for building.
      Tomasini Court, Moriarty, NM 87035
      View Details
    • $29,900

      Land in Moriarty, New Mexico

      Flat 4.58-acre lot near I-40 with mountain views.
      Shetland Street, Moriarty, NM 87035
      View Details
    • $30,000

      Land in Moriarty, New Mexico

      4.99 acres of land perfect for building your dream home.
      McCrary lands Bates Road, Moriarty, NM 87035
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.294 acres of commercial land in Moriarty, New Mexico.
    Where is this commercial land located?
    The property is located at U.S Rt. 66 E Tr 2-A-2-D Moriarty, NM.
    What is the asking price?
    The asking price for this property is $299,778.
    What are key features of this property?
    This property features: 2.294 acres of commercial development land on Route 66, near I‑40 interchange; All utilities available in the street: water, sewer, natural gas, power, and high‑speed internet; M‑1 zoning: manufacturing, industrial, with many permissive uses and no conditional use permit required
    (505) 410-9951
    We can help!
    Listing Contact
    Myra Oden
    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!