Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Aztec, NM Title is generated by Realmo AI

    60 ROAD 3400, Aztec, NM 87410

    View on Map
    Claim this Listing
    New
    For Sale
    $75,000

    LAND - Aztec, NM

    Lot size:
    1.54 Acres
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 2:06 am

    Property Features for 60 ROAD 3400

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.54 Acres

    Taxes and HOA fees

    Tax Description
    BK.1711 PG.383
    Tax Annual Amount
    687

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Colin Marshall

    Listing agent Colin Marshall License #45809

    Listing office Coldwell Banker Cornerstone 802 E 20th St., Farmington, NM

    Listing date May 18, 2026

    MLS# 26-572 Listing URL

    Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Utilities already on property: electric pole, water meter, and gas lines are ready for hookup.
    • Mobile or site‑built houses allowed, offering flexibility in building options.
    • Flat lot, simplifying construction.
    • Irrigation share included.
    • Minutes from Farmington.
    • Located in the county.

    Overview

    This is a 1.54-acre flat lot located in San Juan County, near Farmington. The property permits mobile or site-built houses. It features one share of irrigation, an electric pole, a water meter, and gas lines already on the property. The property requires a septic tank.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market Accounting Firm HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0714856
    Latitude
    36.7992428

    Nearby Similar for Sale

    • $595,000
      5,000 SF

      Aztec Industrial Building on Acreage

      5,000 SF warehouse/shop on 3.13 acres near Aztec.
      2901 MCWILLIAMS Road, Aztec, NM 87410
      View Details
    • $398,000
      960 SF

      Aztec Commercial Property on US-550

      3.29 acre commercial property with highway frontage and flexible space.
      16171 US 550, Aztec, NM 87410
      View Details
    • $626,750
      6,184 SF

      Versatile Commercial Building on Aztec Blvd

      6,184 sq ft commercial property with high visibility and accessibility.
      1607 W AZTEC Boulevard, Aztec, NM 87410
      View Details
    • $399,000
      2,496 SF

      Aztec Mechanic Shop For Sale

      Well-equipped mechanic shop with lifts on a corner lot.
      102 S MAIN Avenue, Aztec, NM 87410
      View Details
    • $350,000

      Riverfront Homesite in Aztec, NM

      5.05 acre riverfront property with water rights for sale.
      ROAD 2626, Aztec, NM 87410
      View Details
    • $260,000

      Versatile 5-Acre Property in Aztec

      5-acre property with six lots, utilities, and mobile home.
      46-48A ROAD 2598, Aztec, NM 87410
      View Details
    • $250,000

      Highway Frontage Large Commercial Lot

      Large 18.4 acre commercial lot with highway frontage.
      ROAD 2595, Aztec, NM 87410
      View Details
    • $7,735,000
      24,486 SF

      Aztec Office Portfolio For Sale

      Three state government-occupied office buildings in Aztec, New Mexico.
      100, 200, 300 Gossett Dr, Aztec, NM 87410
      View Details
    • $425,000

      Commercial Property in Aztec, NM

      Commercial property featuring wash bays, office space, and ample parking.
      815 S MAIN Avenue, Aztec, NM 87410
      View Details
    • $357,000
      1,549 SF

      Aztec Commercial Building Redevelopment Opportunity

      Commercial building at key intersection in Aztec, New Mexico.
      300 W Chaco St, Aztec, NM 87410
      View Details
    • $50,000

      10 Acres Near Aztec

      10-acre property near Aztec, NM, perfect for outdoor adventures.
      ROAD 2772, Aztec, NM 87410
      View Details
    • $3,999,500
      1,204 SF

      200-Acre Multi-Income Investment Property

      Versatile property with gravel, agriculture, oil/gas, and development potential.
      21 ROAD 3160, Aztec, NM 87410
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Flat 1.54-acre lot with utilities near Farmington.
    Where is this residential land & home lot located?
    The property is located at 60 ROAD 3400 Aztec, NM.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Utilities already on property: electric pole, water meter, and gas lines are ready for hookup.; Mobile or site‑built houses allowed, offering flexibility in building options.; Flat lot, simplifying construction.
    (505) 325-7788
    We can help!
    Listing Contact
    Colin Marshall
    Real Estate License ID: 45809
    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
    60 ROAD 3400, Aztec, NM 87410
    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!