Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1801-1869 Old US 66 Edgewood, NM 87015

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with development potential in a thriving market.

    Type:Land
    Property size:
    27 SF
    Added:
    Nov 21, 2025
    Days on Market:
    142
    Last Refresh:
    Apr 6 at 12:08 am

    Property Features for 1801-1869 Old US 66

    General Information

    Standard status
    Active
    Size
    27 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Larry Ilfeld, CCIM, ALC

    Listing agent Larry Ilfeld, CCIM, ALC License #NM #15408

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Larry Ilfeld, CCIM, ALC

    Overview

    Edgewood Commercial Land Investment

    This property presents a commercial investment opportunity with Commercial Business C-1 zoning, situated in the Edgewood west to Albuquerque area. The location provides access to the markets of Edgewood and nearby Albuquerque, with proximity to I-40. The property, with a size of 27 acres, offers development potential, suitable for land and other investors looking to capitalize on the commercial prospects of the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Pharmacy Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.216
    Latitude
    35.0716

    Nearby Similar for Sale

    • $545,000

      Edgewood Commercial Building For Sale

      Well-maintained 6-unit commercial building with parking and storage.
      3 George Court, Edgewood, NM 87015
      View Details
    • $2,215,000

      Prime Commercial Land in Edgewood

      Highly visible 4.13-acre commercial land in a bustling community.
      12 Edgewood 7 Road, Edgewood, NM 87015
      View Details
    • $2,215,000

      Prime Commercial Land in Edgewood

      Highly visible 4.13-acre commercial land in a bustling community.
      12 Edgewood 7 Road, Edgewood, NM 87015
      View Details
    • $57,999

      Edgewood Land on Historic Route 66

      4-acre vacant lot with frontage on Historic Route 66.
      2063 Old US 66, Edgewood, NM 87015
      View Details
    • $29,000

      Land For Sale, Edgewood, NM

      One acre of land available in Edgewood, New Mexico.
      10 Glacier Trail, Edgewood, NM 87015
      View Details
    • $399,900

      119 Acres in Edgewood, NM

      Large land parcel with meadows, woods, and 360-degree views.
      McComb Road unit: Tract Aa, Edgewood, NM 87015
      View Details
    • $40,000

      Edgewood Land with Mountain Views

      3.24 acre building lot in gated community near Albuquerque.
      19 Camino Monte Azul, Edgewood, NM 87015
      View Details
    • $225,000

      Sandia Airpark Hangar on Acreage

      2,000 SF hangar on 1.12 acres in Sandia Airpark.
      86 Blanco Drive, Edgewood, NM 87015
      View Details
    • $65,000

      Edgewood Land: Build Your Dream

      2.26-acre wooded lot in Edgewood, NM with utilities available.
      Lucas Road, Edgewood, NM 87015
      View Details
    • $28,000

      Edgewood Land For Sale

      Partially wooded 2.21 acre lot in Edgewood, New Mexico.
      90 Jesse James Road, Edgewood, NM 87015
      View Details
    • $109,900

      Expansive Lot in Stoneridge Subdivision

      1.2 acre lot in Edgewood's newest subdivision.
      12 Wildwood Drive, Edgewood, NM 87015
      View Details
    • $174,900

      Land in Stoneridge Subdivision, Edgewood

      Large lots with mountain views and easy I-40 access.
      16 Wildwood Drive, Edgewood, NM 87015
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with development potential in a thriving market.
    Where is this land located?
    The property is located at 1801-1869 Old US 66 Edgewood, NM.
    What are key features of this property?
    This property features: Commercial Business C‑1 Zoning: Enables a wide range of business and development opportunities.; Strategic Location: Situated in the Edgewood west to Albuquerque area, providing access to thriving markets.; Endless Development Potential: Offers significant possibilities for various commercial projects.
    (505) 265-4401
    We can help!
    Listing Contact
    Larry Ilfeld, CCIM, ALC
    Real Estate License ID: NM #15408
    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!