Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Golf Course Views Title is generated by Realmo AI

    56A Butch Baird Way, Alto, NM 88312

    View on Map
    Claim this Listing
    For Sale
    $275,000

    Recreational land backing up to Outlaw golf course.

    Type:Land
    Added:
    Aug 5, 2025
    Days on Market:
    303
    Last Refresh:
    May 26 at 12:38 am

    Property Features for 56A Butch Baird Way

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    James Scott Miller

    Listing agent James Scott Miller License #16464

    Listing office Pinnacle Real Estate & Dev

    Listing date Aug 5, 2025

    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 Pinnacle Real Estate & Dev

    HighLights

    • Backs up to the golf course.
    • Full membership to Alto Lakes Golf and Country Club.
    • Access to 36 holes of golf.
    • Membership includes The Outlaw golf course.
    • Membership includes Kokopelli's golf course.
    • Enjoy nice views of #13 at Outlaw golf course.

    Overview

    This recreational land offers views of the #13 hole at Outlaw golf course. The property backs up to the golf course. A full membership to Alto Lakes Golf and Country Club, as well as The Outlaw & Kokopelli's, allows access to 36 holes of golf.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Alto
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.6247709
    Latitude
    33.4074862

    Nearby Similar for Sale

    • $29,500

      Alto Land with Social Membership

      Buildable lot in Alto Lakes Golf & Country Club.
      215 Brentwood Drive, Alto, NM 88312
      View Details
    • $42,500

      Alto Land with Golf Membership

      Buildable lot with golf membership and lake views.
      223 Lake Shore Drive lot: 1, Alto, NM 88312
      View Details
    • $925,000
      4,260 SF

      Commercial Property with Remodeled Homes

      Commercial property in Alto, NM with remodeled homes and industrial yard.
      1074/1078 NM HWY 48 lot: 3 & 4A, Alto, NM 88312
      View Details
    • $22,500

      Alto Land with Social Membership

      Buildable lot in Alto Lakes Golf & Country Club.
      Stable Road, Alto, NM 88312
      View Details
    • $29,500

      Alto Golf Membership Lot

      Approximately 1.22-acre lot with golf membership and southern exposure.
      Bobcat Trail lot: T43c, Alto, NM 88312
      View Details
    • $995,000

      Land in Alto, New Mexico

      Approximately 39.431 acres of natural land ideal for investment.
      PN TBD BACHE ST & MESITA DR, Alto, NM 88312
      View Details
    • $129,500

      Alto, NM Acre Lot

      One acre lot with views and golf membership opportunity.
      243 Deer Park Drive lot: 115, Alto, NM 88312
      View Details
    • $28,500

      Buildable Cul-de-Sac Lot

      Residential lot on a cul-de-sac with gentle slope, trees, and views—ideal for a custom home build.
      El Camino Drive lot: 7, Alto, NM 88312
      View Details
    • $35,000

      Alto, NM Golf Course Lot

      Large lot in Alto Lakes Golf & Country Club.
      Deer Valley Drive, Alto, NM 88312
      View Details
    • $24,500

      Alto, NM Golf Course Lot

      Corner lot with golf membership and view potential.
      228 Antler Drive lot: 228, Alto, NM 88312
      View Details
    • $54,500

      Land in Gated Community

      10-acre lot with mountain views in Alto, New Mexico.
      38 Copper Ridge Road lot: 38, Alto, NM 88312
      View Details
    • $32,000

      Land with Golf Membership

      Residential land in Alto, NM with golf membership.
      Eagle Ridge Road, Alto, NM 88312
      View Details

    FAQs

    What type of property is this?
    Recreation land - Recreational land backing up to Outlaw golf course.
    Where is this recreation land located?
    The property is located at 56A Butch Baird Way Alto, NM.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Backs up to the golf course.; Full membership to Alto Lakes Golf and Country Club.; Access to 36 holes of golf.
    (575) 937-3166
    We can help!
    Listing Contact
    James Scott Miller
    Real Estate License ID: 16464
    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
    56A Butch Baird Way, Alto, NM 88312
    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!