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    18 Overlook Dr Placitas, NM 87043

    For Sale
    $45,000

    5.35-Acre Industrial Lot, Panoramic Views

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    306
    This exceptional 5.35-acre (230,868 square foot) industrial land parcel, located at Lot 18 Overlook Drive, Placitas, NM 87043, presents a unique opportunity for development. Situated in Sandoval County, this undeveloped lot boasts breathtaking panoramic views, offering unparalleled peace and privacy while remaining conveniently close to local amenities and outdoor recreational activities. The property's expansive size allows for a wide range of industrial uses, subject to local zoning regulations. The address is specifically Lot 18 Overlook Drive. The asking price for this remarkable property is $45,000. Buyers are responsible for conducting their own due diligence regarding zoning, utilities, and any necessary permits for development. The latitude and longitude coordinates are 35.3079739, -106.4472441 respectively. This is an ideal location for those seeking a tranquil setting for their industrial project, combining seclusion with convenient access to local resources. The property is ready for your vision, offering a blank canvas to create a thriving industrial space. Serious inquiries only.

    Property Features for 18 Overlook Dr

    General Information

    Property type
    Land

    HighLights

    • $45,000 asking price for 5.35 acres of undeveloped land.
    • Located at Lot 18 Overlook Drive, Placitas, NM 87043.
    • 230,868 square foot lot size.
    • Industrial land designation.
    • Panoramic views and convenient access to amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Auto Repair Shop Hotel & Motel Computer & Electronic Repair Wine and Liquor Store Tech Support Center Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Placitas
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.4472441
    Latitude
    35.3079739

    Nearby Comparable

    • $168,000
      1.96 Acres

      Placitas Land: Mountain Views

      1.96-acre residential lot with stunning views.
      0 Overlook Dr, Placitas, NM 87043
      View Details
    • $195,000

      Multi Lots OVERLOOK Drive

      Land
      0 Multi Lots Overlook Dr, Placitas, NM 87043
      View Details

    FAQs

    What type of property is this?
    Land - 5.35-Acre Industrial Lot, Panoramic Views
    Where is this land located?
    The property is located at 18 Overlook Dr Placitas, NM.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: $45,000 asking price for 5.35 acres of undeveloped land.; Located at Lot 18 Overlook Drive, Placitas, NM 87043.; 230,868 square foot lot size.
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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
    18 Overlook Dr Placitas, NM 87043
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