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    116 Lots Rd Aztec, NM 87410

    For Sale
    $4,500,000

    106 Acres, 116 Lots, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity encompasses 106.67 acres of commercial land in the Panorama Heights Subdivision of Aztec, New Mexico. The property consists of approximately 116 individual lots, ranging in size from 0.75 to over 0.99 acres. Currently, many lots are rented at a monthly rate of $250, generating consistent income. Tenants own the manufactured homes and recreational vehicles situated on the lots. The property boasts a high occupancy rate, with only approximately 34% vacancy. All but one lot is equipped with essential utilities, including electricity, water, septic, and either propane or natural gas hookups. Individual lots are also available for sale, with prices ranging from $47,000 to $52,000. The average lot price is significantly reduced to $38,793, representing a 22% discount from previous sales prices. This presents a compelling opportunity for investors seeking substantial returns. The property is conveniently located off Road 3100, south of Southside River Road (Old Aztec Highway) in Aztec, NM. Detailed financial statements and further information are available upon request. This is a rare chance to acquire a large-scale commercial land portfolio with immediate income potential and significant upside.

    Property Features for 116 Lots Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,646,545 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.98
    Latitude
    36.83578

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    FAQs

    What type of property is this?
    Commercial real estate - 106 Acres, 116 Lots, High Potential
    Where is this commercial real estate located?
    The property is located at 116 Lots Rd Aztec, NM.
    What is the asking price?
    The asking price for this property is $4,500,000.
    (505) 325-2100
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    116 Lots Rd Aztec, NM 87410
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    Realmo Value Estimation

    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.

    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.

    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
    116 Lots Rd Aztec, NM 87410
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