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    39 Lots Sorrell St Aztec, NM 87410

    For Sale
    $600,000

    Prime Development Land, 39 Lots Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 392,040 square foot land parcel, located at 39 Lots Sorrell Street in Aztec, New Mexico, presents a unique opportunity for developers. Situated in San Juan County, zip code 87410, this property is comprised of 39 individual lots, ready for immediate subdivision development. The City of Aztec has already approved and accepted the subdivision plans, streamlining the development process and minimizing potential delays. The land is currently vacant, offering a clean slate for construction. No existing improvements are present on the property. This presents a significant advantage, allowing for complete design flexibility and cost-effectiveness in the development phase. Furthermore, there is the potential to acquire an additional 29.89 acres of contiguous land, expanding the development scope significantly. The asking price for this exceptional opportunity is $600,000. This property's location in Aztec, NM, offers access to a growing community and presents a compelling investment prospect for those seeking to capitalize on the area's development potential. The coordinates for the property are latitude 36.8445969 and longitude -108.0159618.

    Property Features for 39 Lots Sorrell St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0159618
    Latitude
    36.8445969

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    FAQs

    What type of property is this?
    Land - Prime Development Land, 39 Lots Available
    Where is this land located?
    The property is located at 39 Lots Sorrell St Aztec, NM.
    What is the asking price?
    The asking price for this property is $600,000.
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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

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    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
    39 Lots Sorrell St Aztec, NM 87410
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