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    Mountain-View Recreation Land Title is generated by Realmo AI

    Unit 3 Lot 4 Costilla Meadows, Costilla, NM 87524

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    LAND - Costilla, NM

    Lot size:
    9.45 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for Unit 3 Lot 4 Costilla Meadows

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1081189190200
    Lot size
    9.45 Acres

    Taxes and HOA fees

    Tax Annual Amount
    51

    We can help!

    Listing Contact
    Alfred R Unser

    Listing agent Alfred R Unser License #54638

    Listing office Coldwell Banker Legacy 8200 Carmel Ave NE STE 103, Albuquerque, NM

    Listing date Jun 2, 2026

    MLS# 1104704 Listing URL

    Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10‑acre parcel in Costilla Meadows along the New Mexico–Colorado state line
    • Located about 52 miles from Taos
    • Room for horses
    • Mountain views in every direction
    • Latir Lakes are about 15 miles away for high‑mountain trout fishing
    • Nearby public lands offer hunting for deer, elk, and turkey

    Overview

    This 9.45-acre recreation land parcel in Costilla Meadows offers wide-open skies and mountain views, with space for horses and a sense of privacy from nearby neighbors. The property is presented as a country setting for outdoor use, and the seller notes that the buyer should verify slope and survey prior to closing.

    The parcel is perched along the New Mexico-Colorado state line, with Taos noted as roughly 52 miles away. Outdoor recreation nearby includes Latir Lakes, described as a high-mountain trout fishing destination about 15 miles from the property. The remarks also highlight access to nearby public lands for hunting deer, elk, and turkey, along with hiking, mountain climbing, and skiing within easy reach of Red River Ski Area and Taos Ski Valley.

    For buyers seeking a flexible outdoor property for hunting and year-round recreation, this land offers a straightforward option with room to keep horses and enjoy the surrounding alpine scenery. Because the seller specifically calls out the need for buyer verification of slope and survey, due diligence will be an important step for anyone evaluating development, site planning, or intended use.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Costilla
    County
    Taos
    State
    New Mexico
    Longitude
    -105.454
    Latitude
    36.9175

    Nearby Similar for Sale

    • $16,000

      Costilla Land Near State Line

      10 acre lot near NM/CO border, ideal for horses.
      Unit 1 Lot 5 Costilla Meadows, Costilla, NM 87524
      View Details
    • $16,000

      Land in Costilla, New Mexico

      8.44 acre land parcel available in Costilla, New Mexico.
      Costilla Meadows Lot 40, Costilla, NM 87524
      View Details

    FAQs

    What type of property is this?
    Hunting land - Mountain-view 9.45-acre parcel suited for country recreation, hunting, and bringing horses in the NM-Colorado region.
    Where is this hunting land located?
    The property is located at Unit 3 Lot 4 Costilla Meadows Costilla, NM.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 10‑acre parcel in Costilla Meadows along the New Mexico–Colorado state line; Located about 52 miles from Taos; Room for horses
    (505) 401-8599
    We can help!
    Listing Contact
    Alfred R Unser
    Real Estate License ID: 54638
    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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