Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Acreage Near Gallup High School Title is generated by Realmo AI

    1065 Trailer Ranch Road, Gallup, NM 87301

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Acreage near Gallup High School, close to shopping and schools.

    Type:Land
    Lot size:
    1.00 Acre
    Added:
    Jul 18, 2024
    Days on Market:
    687
    Last Refresh:
    May 12 at 8:24 pm

    Property Features for 1065 Trailer Ranch Road

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Land

    We can help!

    Listing Contact
    Elizabeth Munoz

    Listing agent Elizabeth Munoz

    Listing office Keller Williams Realty Gallup Living

    Listing date Jul 18, 2024

    Source Crexi

    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 Keller Williams Realty Gallup Living

    HighLights

    • Acreage in town is hard to find.
    • Located across the street from Gallup High School fields.
    • Close to shopping and schools.
    • Actual fenced property is one acre.
    • Great investment opportunity.
    • Property goes to the fence next to the high school.

    Overview

    This land represents a potential investment opportunity. The property is located across the street from Gallup High School fields and offers proximity to shopping and schools. The fenced property encompasses one acre, with an additional acre comprising the access road. The property extends to the fence adjacent to the high school. The intended use of the property is not specified.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.724
    Latitude
    35.4315

    Nearby Similar for Sale

    • $610,000

      Prime Commercial Land in Gallup

      4.3 acre corner lot with high visibility and access.
      S 2nd Street, Gallup, NM 87301
      View Details
    • $325,000
      3,000 SF

      Gallup, NM Triplex Investment

      Fully rented triplex in Gallup, NM with strong cash flow.
      502 E Green Avenue, Gallup, NM 87301
      View Details
    • $235,000
      2,832 SF

      Gallup Multi-Family Investment Opportunity

      Three-unit property in Gallup with income growth potential.
      610 S Fifth Street, Gallup, NM 87301
      View Details
    • $750,000

      Gallup, NM Development Land

      43.7 acres within city limits with development potential.
      Lookout Avenue, Gallup, NM 87301
      View Details
    • $595,000

      Gallup, NM Commercial Land

      1.35 acre commercial land for sale in Gallup, NM.
      W Jefferson Avenue, Gallup, NM 87301
      View Details
    • $825,000

      Prime Commercial Land, Gallup, NM

      2.269 acre commercial lot off I-40 in Gallup, NM.
      Arnold Street, Gallup, NM 87301
      View Details
    • $460,000

      Industrial Building in Gallup, NM

      Large industrial building suitable for manufacturing or retail repurposing.
      601 E COAL Avenue, Gallup, NM 87301
      View Details
    • $98,000

      Prime Commercial Land in Gallup

      Exceptional corner lot with high visibility and traffic flow.
      N Ninth Street, Gallup, NM 87301
      View Details
    • $400,000

      Gallup, NM Commercial Land

      12.4 acres of heavy commercial land off Hwy 66.
      W Aztec Avenue, Gallup, NM 87301
      View Details
    • $110,000
      2,302 SF

      Gallup Multifamily Investment Opportunity

      Three-unit property in Gallup, NM, fully occupied and near downtown.
      202 S Strong Drive, Gallup, NM 87301
      View Details
    • $124,900

      Gallup Land Package Opportunity

      Large contiguous city lots near hospitals and college campus.
      Anton Street, Gallup, NM 87301
      View Details
    • $275,000
      1,558 SF

      Remodeled Duplex in Mossman Area

      Turnkey investment opportunity: remodeled duplex with rental income.
      1904 Gladden Avenue, Gallup, NM 87301
      View Details

    FAQs

    What type of property is this?
    Land - Acreage near Gallup High School, close to shopping and schools.
    Where is this land located?
    The property is located at 1065 Trailer Ranch Road Gallup, NM.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: Acreage in town is hard to find.; Located across the street from Gallup High School fields.; Close to shopping and schools.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Elizabeth Munoz
    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

    Thank You for Inquiry
    1065 Trailer Ranch Road, Gallup, NM 87301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!