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    Secluded Mountain Retreat with Rental Business Title is generated by Realmo AI

    2444 NM 63, Tererro, NM 87573

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    For Sale
    $5,680,000

    MULTI_FAMILY - Other - Terrero, NM

    Property size:
    8,000 SF
    Lot size:
    11.00 Acres
    Price / SF:
    $710/SF
    Added:
    Sep 13, 2025
    Days on Market:
    264
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 2444 NM 63

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Non-Conforming
    Bedrooms
    12
    Rooms
    Bathroom 9, Bedroom 10, Bathroom 2, Bedroom 9, Bathroom 10, Bedroom 6, Bedroom 3, Bathroom 7, Bedroom 11, Bathroom 8, Bathroom 5, Bathroom 6, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 12, Bedroom 8, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 1
    Interior features
    InteriorSteps
    Fireplace
    1
    Standard status
    Active
    APN
    1070107408422
    Size
    8,000 SF
    Lot size
    11.00 Acres

    Taxes and HOA fees

    Tax Description
    To follow

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Wood Stove, Wood, Electric (Heating), Fireplace(s)
    Water source
    Well, Private

    Building Details

    Year built
    1963
    Floors in Building
    2
    Number of units
    6
    Architectural style
    Other

    We can help!

    Listing Contact
    Angelina Garcia-Sandoval

    Listing agent Angelina Garcia-Sandoval License #19956

    Listing office Enchanted Circle Realty PO Box 61, Rainsville, NM

    Listing date Sep 13, 2025

    MLS# 202504224 Listing URL

    Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in the Santa Fe National Forest, steps from the Pecos River, Cowles ponds and scenic trails.
    • Turnkey mountain retreat with established vacation rental business potential.
    • Estate includes 4 deeded properties: 3 cabins, a duplex, a retro camper, greenhouse and storage.
    • Multiple dwellings provide a total of 15 bedrooms and 12 bathrooms across the estate.
    • The Ponderosa (main cabin) is a 3‑story, 6‑bedroom, 4‑bathroom home with approximately 3500 sq. ft.
    • The Crestview cabin features a private fishing pond and loft sleeping areas.

    Overview

    Located in the Santa Fe National Forest, Vida Bonita Pecos offers a blend of luxury and remote wilderness. The property is near the Pecos River, Cowles ponds, and scenic trails. It is comprised of four deeded properties being sold as one estate. The Ponderosa, the main cabin, features three stories, six bedrooms, and four bathrooms, with approximately 3500 square feet, and laundry facilities on the main and lower levels. The Collins Cabin, the original home, includes three stories, two bedrooms, two bathrooms, and a full walk-out basement with laundry. A Tiny Cabin, a shed conversion, accommodates two guests and has a new deck. The Crestview, a recent addition, offers two stories, three bedrooms, three baths, two loft sleeping areas, laundry, and a private fishing pond. Twin Pines is a duplex with one bedroom and one bath in each unit, along with a kitchenette. Additional structures include a greenhouse, storage, and a retro 'glamping Camper' that sleeps three and has decking, water, and electric hookups. The property is a turnkey mountain retreat with rustic charm and modern convenience, offering buyers a private sanctuary and a vacation rental business in Northern New Mexico. The property size is approximately 8000 square feet on 11 acres.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Tererro
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.6583659
    Latitude
    35.8079687

    FAQs

    What type of property is this?
    Hotel - Luxury mountain retreat and thriving vacation rental business in Northern New Mexico.
    Where is this hotel located?
    The property is located at 2444 NM 63 Tererro, NM.
    What is the asking price?
    The asking price for this property is $5,680,000.
    What are key features of this property?
    This property features: Located in the Santa Fe National Forest, steps from the Pecos River, Cowles ponds and scenic trails.; Turnkey mountain retreat with established vacation rental business potential.; Estate includes 4 deeded properties: 3 cabins, a duplex, a retro camper, greenhouse and storage.
    (505) 321-6310
    We can help!
    Listing Contact
    Angelina Garcia-Sandoval
    Real Estate License ID: 19956
    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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