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    116 Lots Rd Aztec, NM 87410

    For Sale
    $4,500,000

    Prime Commercial Land: 4.6M sq ft, 116 Lots

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Exceptional investment opportunity in Aztec, New Mexico. This expansive 4,617,360 square foot commercial land parcel, known as Panorama Heights Subdivision, comprises approximately 116 lots ranging from 0.75 to over 0.99 acres. Located off Road 3100, south of Southside River Road (Old Aztec Highway), the property offers significant potential. Currently, many lots are rented at $250 per month, with tenant-owned manufactured homes and recreational vehicles. Utilities (electricity, water, septic, propane, or natural gas) are available for all but one lot. The current vacancy rate is approximately 34%. Individual lots are also available for sale, priced between $47,000 and $52,000. The average lot price is $38,793, representing a 22% reduction from current market sales prices. Detailed financial information and further property specifics are accessible upon request. This presents a unique chance to acquire a substantial land holding in a growing area. The property is located in San Juan County, New Mexico, with the address listed as 116 Lots Road 3180-3192, Aztec, NM 87410. The asking price for the entire parcel is $4,500,000.

    Property Features for 116 Lots Rd

    General Information

    Property type
    Land

    HighLights

    • $4,500,000 asking price.
    • 4,617,360 square foot land parcel.
    • Located in Aztec, NM, in the Panorama Heights Subdivision.
    • Approximately 116 lots ranging from 0.75 to over 0.99 acres.
    • Currently generating rental income of $250 per month per lot (34% vacancy).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0383164
    Latitude
    36.7690235

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land: 4.6M sq ft, 116 Lots
    Where is this land located?
    The property is located at 116 Lots Rd Aztec, NM.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: $4,500,000 asking price.; 4,617,360 square foot land parcel.; Located in Aztec, NM, in the Panorama Heights Subdivision.
    Request Owner's contact information
    116 Lots Rd Aztec, NM 87410
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    Realmo Value Estimation

    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.

    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.

    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
    116 Lots Rd Aztec, NM 87410
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