Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    26.87 Acres in Placitas, NM Title is generated by Realmo AI

    5 Camino Del Tecolote, Placitas, NM 87043

    View on Map
    Claim this Listing
    For Sale
    $229,999

    26.87 acres of high desert terrain in Placitas, NM.

    Type:Land
    Lot size:
    26.87 Acres
    Added:
    May 11, 2026
    Days on Market:
    26
    Last Refresh:
    May 25 at 2:18 pm

    Property Features for 5 Camino Del Tecolote

    General Information

    Standard status
    Active
    Lot size
    26.87 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joel Hinckley

    Listing agent Joel Hinckley License #RB20000408

    Listing office PlatLabs, LLC

    Listing date May 11, 2026

    Source Exprealty

    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 PlatLabs, LLC

    HighLights

    • Large 26.87‑acre property in Northern New Mexico.
    • Ample space for a custom home, ranch, or weekend retreat.
    • Peaceful and private setting surrounded by natural Southwestern landscape.
    • Rolling high desert terrain.
    • Located in the Placitas area of Sandoval County.
    • Opportunity to own a large piece of New Mexico land.

    Overview

    This 26.87-acre property is located in the Placitas area of Sandoval County, New Mexico. The land features rolling high desert terrain, suitable for a custom home, ranch, or weekend retreat. The property is surrounded by a natural Southwestern landscape, providing a peaceful and private setting. It offers ample space to bring your vision to life and is an opportunity to own a large piece of New Mexico land. Street addresses can be for listing purposes only and vacant land will receive a true street address once improved.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Spa & Massage Center Auto Repair Shop Auto Parts Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Placitas
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.40868
    Latitude
    35.314762

    Nearby Similar for Sale

    • $125,000

      Two Acre Lot in Placitas

      2-acre lot with utilities in premier Placitas community.
      Calle Chamisa lot: 12A2, Placitas, NM 87043
      View Details
    • $189,500

      Placitas Land with Mountain Views

      1.26 acre lot with mountain views in Placitas, NM.
      Sunrise Drive, Placitas, NM 87043
      View Details
    • $128,500

      Land with Panoramic Mountain Views

      2.4-acre lot in gated community with mountain views.
      105 Montezuma Court, Placitas, NM 87043
      View Details
    • $169,000

      Placitas Land with Mountain Views

      4.4+ acre lot with well share and mountain views.
      24 Camino De Las Huertas Lot 5C, Placitas, NM 87043
      View Details
    • $150,000

      Land in Anasazi Meadows

      1.98-acre lot with utilities and community amenities.
      Petroglyph Trail, Placitas, NM 87043
      View Details
    • $65,000

      Placitas Land: Commercial/Residential Potential

      0.84 acre lot zoned for commercial and residential uses.
      574 STATE HIGHWAY 165, Placitas, NM 87043
      View Details
    • $215,000

      Land with Mountain Views

      Residential land in Placitas, NM with utilities and amenities.
      46 Anasazi Trails Loop, Placitas, NM 87043
      View Details
    • $75,000

      Placitas Land: Commercial or Residential

      0.84 acre lot zoned for commercial or residential use.
      2 VALLE ESCONDIDO, Placitas, NM 87043
      View Details
    • $169,900

      Placitas View Lot For Sale

      1.49-acre view lot in Petroglyph Trails Subdivision, Placitas, NM.
      15 Mimbres Court, Placitas, NM 87043
      View Details
    • $199,000

      Placitas Land with Mountain Views

      View lot in Placitas with utilities and easy I-25 access.
      29 Desert Mountain, Placitas, NM 87043
      View Details
    • $135,000

      Land in Gated Placitas Community

      2.15 acre corner lot in luxury gated community.
      268 Star Meadow Road, Placitas, NM 87043
      View Details
    • $125,000

      Placitas Land with Panoramic Views

      Two-acre lot in Placitas with protected panoramic views.
      CALLE DEL SOL, Placitas, NM 87043
      View Details

    FAQs

    What type of property is this?
    Land - 26.87 acres of high desert terrain in Placitas, NM.
    Where is this land located?
    The property is located at 5 Camino Del Tecolote Placitas, NM.
    What is the asking price?
    The asking price for this property is $229,999.
    What are key features of this property?
    This property features: Large 26.87‑acre property in Northern New Mexico.; Ample space for a custom home, ranch, or weekend retreat.; Peaceful and private setting surrounded by natural Southwestern landscape.
    (303) 848-6215
    We can help!
    Listing Contact
    Joel Hinckley
    Real Estate License ID: RB20000408
    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
    5 Camino Del Tecolote, Placitas, NM
    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!