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    New Mexico Homestead with Acreage Title is generated by Realmo AI

    53 County Road B44C, Pecos, NM 87552

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    For Sale
    $420,000

    27+ acre homestead near Santa Fe with agricultural infrastructure.

    Type:Farm
    Property size:
    1,540 SF
    Lot size:
    27.00 Acres
    Price / SF:
    $272/SF
    Added:
    Apr 7, 2025
    Days on Market:
    402
    Last Refresh:
    Apr 1 at 9:08 pm

    Property Features for 53 County Road B44C

    General Information

    Standard status
    Active
    Size
    1,540 SF
    Lot size
    27.00 Acres
    Property subtype
    Farm

    We can help!

    Listing Contact
    Kurtis Quintana
    Kurtis Quintana

    Listing agent Kurtis Quintana License #53169

    Listing office Home & Land Professionals LLC

    Listing date Apr 7, 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 Home & Land Professionals LLC

    HighLights

    • Direct access to National Forest and proximity to Bull Creek offer privacy and recreational opportunities.
    • 27+ acre homestead with agricultural infrastructure including livestock pens, corrals, and fenced pasture.
    • 3‑bed, 2‑bath manufactured home with recent well pump and updated septic system.
    • Large workshop/garage with electric RV hookup provides ample storage and utility.
    • Mature grapevine and young orchard (apple and pear trees) offer food production potential.
    • Located 50 minutes from Santa Fe via well‑maintained roads.

    Overview

    This 27+ acre northern New Mexico homestead includes a 3-bed, 2-bath manufactured home, ready for updates. Recent infrastructure upgrades feature a new well pump and an updated septic system. Erosion control efforts and engineered drainage guide natural water flow into a small seasonal pond. The property has been used as a small livestock farm with pens for pigs, goats, and chickens, plus corrals suitable for horses. The fenced pasture allows for rotational grazing. A mature grapevine and a young orchard of apple and pear trees near the home offer food production potential, with space for expanded gardening. A large workshop/garage provides storage for vehicles, tools, and ATVs, and includes an electric RV hookup. The acreage rises into a well-maintained piñon forest, selectively thinned to provide both grazing and usable timber. The topography is steep in places but accessible from the northern boundary, where a natural shelf offers a potential wooded build site. The property shares a boundary with National Forest and is located near Bull Creek, offering both privacy and direct access to public land. Located 50 minutes from Santa Fe via well-maintained roads, this versatile property is suited for homesteading, recreation, or peaceful rural living with existing agricultural infrastructure and natural surroundings. The property size is 1540 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Pharmacy Kitchen & Bath Showroom Accounting Firm Discount Store Building Supply Grocery & Convenience Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Pecos
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.558
    Latitude
    35.582

    FAQs

    What type of property is this?
    Farm - 27+ acre homestead near Santa Fe with agricultural infrastructure.
    Where is this farm located?
    The property is located at 53 County Road B44C Pecos, NM.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Direct access to National Forest and proximity to Bull Creek offer privacy and recreational opportunities.; 27+ acre homestead with agricultural infrastructure including livestock pens, corrals, and fenced pasture.; 3‑bed, 2‑bath manufactured home with recent well pump and updated septic system.
    (505) 718-9364
    We can help!
    Listing Contact
    Kurtis Quintana
    Kurtis Quintana
    Real Estate License ID: 53169
    Learn More
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    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.

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    53 County Road B44C, Pecos, NM 87552
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