Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Lot in Chimayo Heart Title is generated by Realmo AI

    331 Juan Medina Road, Chimayo, NM 87522

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $69,900

    Vacant 0.50-acre lot near Rancho de Chimayo and Santuario Church.

    Type:Land or Vacant Lot
    Lot size:
    0.50 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    236
    Last Refresh:
    Apr 5 at 10:59 pm

    Property Features for 331 Juan Medina Road

    General Information

    Standard status
    Active
    Lot size
    0.50 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    HELEN MILLIGAN

    Listing agent HELEN MILLIGAN License #21645

    Listing office YUCCA REALTY

    Listing date Sep 30, 2025

    Source Corcoran

    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 YUCCA REALTY

    HighLights

    • Large .50 acre vacant lot.
    • Prime location in the Heart of Chimayo, near Rancho de Chimayo and Santuario Church.
    • Easy access on Juan Medina Road.
    • Electric on site.
    • Community water available.
    • No Covenants.

    Overview

    This vacant lot, spanning 0.50 acres, is situated in the heart of Chimayo, offering convenient access from Juan Medina Road. Its location places it in close proximity to Rancho de Chimayo and the Santuario Church. The site is equipped with on-site electricity, and community water is available. A septic system will be required. The property is not subject to any covenants.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Hotel & Motel Bar & Pub Electrical Service Furniture & Home Goods Cafe & Coffee Shop Barber Shop Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chimayo
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -105.93
    Latitude
    35.9987

    Nearby Similar for Sale

    • $270,000

      Scenic Land Near Chimayo

      12.79 acres with views, power, and shared well.
      54 El Potrero Road, Chimayo, NM 87522
      View Details
    • $90,000

      Lush Lot in Historic Chimayo

      0.62-acre lot with water rights in Chimayo, New Mexico.
      332 JUAN MEDINA, Chimayo, NM 87522
      View Details
    • $165,000

      Chimayo Land with Water Rights

      2.42 acres in Chimayo with ditch water rights.
      State Road 76, Chimayo, NM 87522
      View Details
    • $450,000

      Land in Historic Chimayo Village

      4.2 acres in Chimayo, NM, ideal for building a home.
      County Road 97, Chimayo, NM 87522
      View Details
    • $100,000

      Land in Chimayo, New Mexico

      One acre lot with mountain views near Santa Fe.
      7 Laguna Vista Drive, Chimayo, NM 87522
      View Details
    • $330,000

      Secluded Mountain View Land

      53-acre property with mountain views near Santa Fe.
      3 Lots Canon Escondido, Chimayo, NM 87522
      View Details
    • $120,000

      Chimayo Land with Water Rights

      0.95 acres of land with shared well and water rights.
      100 County Road 97, Chimayo, NM 87522
      View Details
    • $90,000

      Lush Lot in Historic Chimayo

      0.62-acre lot with water rights and abundant tree cover.
      332 JUAN MEDINA, Chimayo, NM 87522
      View Details
    • $85,000

      Land with Well in Chimayo

      Two acres of land with a well in Chimayo.
      2 Acres off of County Rd 86A, Chimayo, NM 87522
      View Details
    • $150,000

      Vacant Land in Chimayo, NM

      2.67 acre vacant lot in a picturesque New Mexico community.
      Chimayo, Chimayo, NM 87522
      View Details
    • $344,000

      Land For Sale

      Land available for sale.
      67 Camino del Canon #B, Chimayo, NM 87522
      View Details
    • $44,900

      Land in Chimayo, New Mexico

      0.52-acre parcel in a peaceful, partially wooded setting.
      37 Canada Ancha, Chimayo, NM 87522
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant 0.50-acre lot near Rancho de Chimayo and Santuario Church.
    Where is this commercial land located?
    The property is located at 331 Juan Medina Road Chimayo, NM.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Large .50 acre vacant lot.; Prime location in the Heart of Chimayo, near Rancho de Chimayo and Santuario Church.; Easy access on Juan Medina Road.
    (505) 753-7159
    We can help!
    Listing Contact
    HELEN MILLIGAN
    Real Estate License ID: 21645
    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
    331 Juan Medina Road, Chimayo, NM 87522
    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!