Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land with Utilities Near Cerrillos Title is generated by Realmo AI

    44A Goldmine #A, Cerrillos, NM 87010

    View on Map
    Claim this Listing
    For Sale
    $160,000

    5.5 acres with water and power near Santa Fe.

    Type:Land or Vacant Lot
    Lot size:
    5.53 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    247
    Last Refresh:
    Apr 5 at 10:25 pm

    Property Features for 44A Goldmine #A

    General Information

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

    We can help!

    Listing Contact
    MICHAEL S. SANFORD

    Listing agent MICHAEL S. SANFORD License #52569

    Listing office BARKER REALTY, LLC

    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 BARKER REALTY, LLC

    HighLights

    • 5.5 acres with water and power already on the property.
    • Excellent views and country quiet.
    • Multiple potential building sites due to rolling topography.
    • Convenient location: minutes from Cerrillos and Madrid, and seventeen miles from Santa Fe.
    • Adjacent to pavement on Goldmine Road.
    • Electric meter and community water are already installed.

    Overview

    This 5.5-acre land parcel is located just outside of Cerrillos, adjacent to pavement on Goldmine Road. The property features rolling topography with potential building sites and views. It is situated minutes from Cerrillos and Madrid, and approximately seventeen miles from Santa Fe. The property includes an electric meter and community water. A single wide, travel trailer, shed, and outhouse are included.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Cerrillos
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.126
    Latitude
    35.4142

    Nearby Similar for Sale

    • $240,000
      1,350 SF

      Cerrillos Road Lofts Condo

      Commercial condo in a live/work community with ample parking.
      3600 Cerrillos, , NM
      View Details
    • $160,000

      Cerrillos Land with Utilities

      Five contiguous lots with water, electric, and septic available.
      2805 State Hwy 14, Cerrillos, NM 87010
      View Details
    • $179,000

      Forty Acre Cerrillos Land Parcel

      Land parcel with mountain views, well, and building spots.
      65 Grenfell Ranch, Cerrillos, NM 87010
      View Details
    • $160,000

      Land with Utilities in Cerrillos

      5.5 acres with water and power near Santa Fe.
      44A Goldmine, Cerrillos, NM 87010
      View Details
    • $99,000

      Remote Land in Ortiz Foothills

      39.94 acres in a remote, accessible location.
      185 Stoney Road, Cerrillos, NM 87010
      View Details
    • $2,918,164

      307 Acres Subdividable Land

      307 acres of subdividable land between Santa Fe and Albuquerque.
      1438 Nm 16, Cerrillos, NM 87010
      View Details
    • $146,000

      Secluded Land in Madrid Area

      75.65 acres of raw, undeveloped land for off-grid living.
      Ortiz Mine Grant, Cerrillos, NM 87010
      View Details
    • $160,000

      Cerrillos Land with Potential

      80-acre land with possible electricity and high-speed internet access.
      354 OLD WINDMILL Trail, Cerrillos, NM 87010
      View Details
    • $258,900

      63.45 Acres in Cerrillos, NM

      63.45 acres of partially cleared land in Cerrillos, NM.
      8 Stoney, Cerrillos, NM 87010
      View Details
    • $339,000

      Cerrillos Land with Mountain Views

      80 acres near Santa Fe with development potential.
      95 Grenfell Ranch & 30 Blue Agave, Cerrillos, NM 87010
      View Details
    • $259,000

      40 Acres in Cerrillos, NM

      Land with views, underground power, and maintained roads near Santa Fe.
      156 Wagon Trail, Cerrillos, NM 87010
      View Details
    • $99,000

      Land in Ortiz Mountain Foothills

      Remote 39.94-acre land with varied topography and mountain views.
      185 Stoney Road, Cerrillos, NM 87010
      View Details

    FAQs

    What type of property is this?
    Land - 5.5 acres with water and power near Santa Fe.
    Where is this land located?
    The property is located at 44A Goldmine #A Cerrillos, NM.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 5.5 acres with water and power already on the property.; Excellent views and country quiet.; Multiple potential building sites due to rolling topography.
    (505) 982-9836
    We can help!
    Listing Contact
    MICHAEL S. SANFORD
    Real Estate License ID: 52569
    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
    44A Goldmine #A, Cerrillos, NM 87010
    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!