Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Chaparral Land: Build Your Dream Title is generated by Realmo AI

    214 PALOMA BLANCA Drive, Chaparral, NM 88081

    View on Map
    Claim this Listing
    New
    For Sale
    $175,000

    LAND - Chaparral, NM

    Lot size:
    3.43 Acres
    Added:
    May 27, 2026
    Days on Market:
    5
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 214 PALOMA BLANCA Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Out of Area
    Standard status
    Active
    APN
    1708682
    Lot size
    3.43 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SUBD: LAKE SECTION SUBDIVISION 663 LOT: PT OF LT 20 S: 22 T: 26S R: 5E INST # 055526 LT 20 LESS THE EAST 108 FEET
    Tax Annual Amount
    160

    We can help!

    Listing Contact
    Ericka L Nevarez Torres

    Listing agent Ericka L Nevarez Torres

    Listing office Realty One Group Mendez Burk 5925 Silver Springs Suite A, El Paso, NM

    Listing date May 27, 2026

    MLS# 944656 Listing URL

    Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Desirable location in a growing neighborhood.
    • Utilities conveniently available at the property line.
    • Opportunity for custom home development.
    • Potential for long‑term investment value.
    • Surrounded by established homes and beautiful views.
    • Suitable for builders, investors, or future homeowners.

    Overview

    This 3.43-acre lot, located at 214 Paloma Blanca Dr in Chaparral, NM, offers an opportunity to build a custom residence, ranch, or investment property. Situated in a growing and desirable neighborhood, the property holds potential for future development and long-term value. All utilities are conveniently available at the property line, facilitating the building process. The surrounding area features established homes, views, and expanding growth. This lot is suitable for builders, investors, or future homeowners.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Accounting Firm Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chaparral
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.415156
    Latitude
    32.027724

    Nearby Similar for Sale

    • $635,000
      2,100 SF

      Chaparral Duplex with Metal Building

      New duplex with metal building on oversized 1.3-acre lot.
      1325 Nambi Desert Drive, Chaparral, NM 88081
      View Details
    • $299,000

      Turnkey Restaurant Opportunity

      Restaurant on a 1-acre lot in growing Chaparral, NM.
      90 E Lisa Drive, Chaparral, NM 88081
      View Details
    • $134,900

      Chaparral Land Zoned for Development

      Vacant corner lot with mobile home park zoning in Chaparral.
      McCombs Road, Chaparral, NM 88081
      View Details
    • $5,000,000

      91 Acres Near Meta Data Center

      91 acres near US-54, ideal for development.
      1494 State Line Drive, Chaparral, NM 88081
      View Details
    • $119,900

      Commercially Zoned Land in Chaparral

      Commercially zoned parcel in Chaparral's primary business corridor.
      412 McCombs Road, Chaparral, NM 88081
      View Details
    • $169,900

      Chaparral Land Near Highway 54

      1.94 acres of fenced land near Highway 54.
      1269 Riley Way, Chaparral, NM 88081
      View Details
    • $799,000

      Chaparral Commercial and Residential Opportunity

      Business and residence combo on 1.275 acres in Chaparral, NM.
      328 Angelina Boulevard, Chaparral, NM 88081
      View Details
    • $150,000

      Fenced Land with Utilities

      Two-acre fenced land with septic, water, and electricity.
      332 Mesilla View Drive, Chaparral, NM 88081
      View Details
    • $270,200

      Chaparral Land on McCombs Road

      3.18 acres of commercial land on main road.
      499 McCombs Road, Chaparral, NM 88081
      View Details
    • $289,900

      Chaparral Land Ready for Development

      1.94 acres near Highway 54 with utilities in place.
      1287 Riley Way, Chaparral, NM 88081
      View Details
    • $115,000

      Chaparral Land with Utilities

      1.29-acre vacant lot with utilities and paved access.
      829 Alice Marie Drive, Chaparral, NM 88081
      View Details
    • $259,000

      Chaparral Commercial Lot For Sale

      1.94-acre commercial lot with utilities near Highway 54.
      1287 Riley Way, Chaparral, NM 88081
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Exceptional lot in growing neighborhood, utilities available.
    Where is this residential land & home lot located?
    The property is located at 214 PALOMA BLANCA Drive Chaparral, NM.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Desirable location in a growing neighborhood.; Utilities conveniently available at the property line.; Opportunity for custom home development.
    (915) 215-2260
    We can help!
    Listing Contact
    Ericka L Nevarez Torres
    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
    214 PALOMA BLANCA Drive, Chaparral, NM 88081
    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!