Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Meadow Lake Park Title is generated by Realmo AI

    200 Conner Rd, Los Lunas, NM 87031

    View on Map
    Claim this Listing
    For Sale
    $47,500

    3.27 acres of versatile land near park.

    Type:Land
    Lot size:
    3.27 Acres
    Added:
    May 21, 2025
    Days on Market:
    379
    Last Refresh:
    May 28 at 2:41 am

    Property Features for 200 Conner Rd

    General Information

    Standard status
    Active
    Lot size
    3.27 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Grant P. Alexander

    Listing agent Grant P. Alexander License #49808

    Listing office Barker Realty LLC

    Listing date May 21, 2025

    Source Exprealty

    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 Barker Realty LLC

    HighLights

    • 3.27 acre property, a rare find!
    • Consists of 2 parcels offering flexibility.
    • Faces the Manzano mountains, enjoy breathtaking views.
    • Next to Meadow Lake Park.
    • Price well under the average price per acre.
    • Flexible land offering.

    Overview

    This offering features 3.27 acres of land, consisting of two parcels. The property faces the Manzano mountains and is located next to Meadow Lake Park.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Food Market Storage Facility Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Cosmetic Store Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.5357789
    Latitude
    34.8054809

    Nearby Similar for Sale

    • $240,000

      Los Lunas Land For Sale

      0.69 acre commercial land in growing Los Lunas community.
      461 LOS LENTES Road SE, Los Lunas, NM 87031
      View Details
    • $600,000
      3,240 SF

      Los Lunas Fourplex Opportunity

      Fourplex in Los Lunas near schools, restaurants, and stores.
      1345-1351 LOS LENTES Road NE, Los Lunas, NM 87031
      View Details
    • $340,000

      Los Lunas Agricultural Land Parcel

      2.8 acres of agriculturally zoned land in Los Lunas.
      2107 Don Pasqual Road NW, Los Lunas, NM 87031
      View Details
    • $240,000

      Los Lunas Land For Sale

      0.69 acre C-1 zoned land in growing community.
      461 LOS LENTES Road SE, Los Lunas, NM 87031
      View Details
    • $70,000

      Los Lunas Fenced Acre Lot

      One-acre corner lot ready for building or mobile home.
      54 Amy Road, Los Lunas, NM 87031
      View Details
    • $100,000

      Los Lunas Land Opportunity

      10 acres near I-25 and NM 6 in Los Lunas.
      Emilia Road, Los Lunas, NM 87031
      View Details
    • $24,700

      Land in Rio Del Oro

      Investment opportunity: 19 lots in Rio Del Oro Subdivision.
      19 Lots Subd: Rio Del Oro Lp N, Los Lunas, NM 87031
      View Details
    • $250,000

      Los Lunas Land For Sale

      Versatile 1.27-acre fenced property with two electrical services in place.
      1260 Juan Perea Road, Los Lunas, NM 87031
      View Details
    • $650,000
      1,846 SF

      Los Lunas Multifamily Investment Opportunity

      Well-maintained duplex with commercial zoning and development potential.
      102-104 Nathan Court, Los Lunas, NM 87031
      View Details
    • $875,000
      4,500 SF

      Tome Agricultural Property with Structure

      7.1 acre agricultural property with steel building and utilities.
      32 Entrada Aragon Road, Los Lunas, NM 87031
      View Details
    • $29,000

      Los Lunas Land Ready to Build

      Two acre lot ready to build near shopping and food.
      Villa Linda Lot 44B, Los Lunas, NM 87031
      View Details
    • $100,000

      Los Lunas Land Opportunity

      1.61 acres in Los Lunas with septic and well access.
      98 Van Camp Boulevard, Los Lunas, NM 87031
      View Details

    FAQs

    What type of property is this?
    Land - 3.27 acres of versatile land near park.
    Where is this land located?
    The property is located at 200 Conner Rd Los Lunas, NM.
    What is the asking price?
    The asking price for this property is $47,500.
    What are key features of this property?
    This property features: 3.27 acre property, a rare find!; Consists of 2 parcels offering flexibility.; Faces the Manzano mountains, enjoy breathtaking views.
    (505) 455-8880
    We can help!
    Listing Contact
    Grant P. Alexander
    Real Estate License ID: 49808
    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
    200 Conner Rd, Los Lunas, NM 87031
    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!