Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Camino Ln Canada Ave Los Lunas, NM 87031

    Sponsored
    For Sale
    $546,000

    13.82 Acres, 52 Residential Lots

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 13.82-acre parcel in Rio Communities North, New Mexico, presents a remarkable investment opportunity. Located on Camino La Canada Ave, zip code 87031, this property is zoned R1 and boasts a compelling price point of $546,000, translating to $39,508 per acre. The land is ideally situated in a rapidly expanding area of Valencia County. A significant advantage is that the property already features 52 residential lots, all fully platted and approved, eliminating extensive pre-development hurdles. This significantly reduces time and costs associated with bringing the land to market-ready status. Buyers can immediately begin developing the lots, capitalizing on the high demand for residential properties in this burgeoning community. The location offers easy access to local amenities and benefits from the growth trajectory of Valencia County. This turnkey development opportunity is perfect for builders, investors, or anyone seeking to capitalize on the strong real estate market in this desirable New Mexico location. The property's coordinates are 34.7359444 latitude and -106.6728557 longitude. This is a rare chance to acquire a substantial, fully permitted residential land holding in a high-growth area.

    Property Features for 0 Camino Ln Canada Ave

    General Information

    Property type
    Land
    Lot Size
    601,999 SF

    We can help!

    Listing Contact
    Evelyn Orona
    Evelyn Orona

    Learn more

    HighLights

    • $546,000 asking price for 13.82 acres of land.
    • Residential land zoned R1.
    • Located in Rio Communities North, Los Lunas, NM 87031, Valencia County.
    • $39,508 per acre land value.
    • 52 residential lots already platted and approved, ready for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.6728557
    Latitude
    34.7359444

    Nearby Similar for Sale

    • $925,000
      1.25 Acres

      Los Lunas Commercial Investment Property

      Two buildings leased to Optum on 1.25 acres.
      111 Sandoval Rd, Los Lunas, NM 87031
      View Details
    • $255,000
      2.55 Acres

      Los Lunas Land with Utilities

      2.55 acre lot with utilities and single-family residence.
      241 El Cerro Lp, Los Lunas, NM 87031
      View Details
    • $650,000
      0.31 Acres

      Retail Property on Corner Lot

      Fully occupied retail property on a corner lot in Los Lunas.
      3378 Hwy, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      0.81 Acres

      Land with Mountain Views

      Land for sale featuring mountain views in Los Lunas.
      Rio Del Oro, Los Lunas, NM 87031
      View Details
    • $1,200,000
      12.62 Acres

      Los Lunas Farmland Opportunity

      12.62 acres of farmland in Los Lunas, New Mexico.
      1235 Highway 314 NW, Los Lunas, NM 87031
      View Details
    • $1,350,000
      8,200 SF

      Los Lunas Warehouse For Sale

      Stand-alone warehouse in Los Lunas, NM, with established tenant.
      111 Lujan Rd SE, Los Lunas, NM 87031
      View Details
    • $888,860
      12,698 SF

      Los Lunas Office Building For Sale

      12,698 SF office building on 1.482 acres in Los Lunas.
      428 Los Lentes Rd SE, Los Lunas, NM 87031
      View Details
    • $775,000
      3,350 SF

      Retail Strip Center For Sale

      Fully leased retail strip center in Los Lunas, New Mexico.
      3459 Hwy, Los Lunas, NM
      View Details
    • Contact for pricing
      13,600 SF

      Los Lunas Fourplex Investment Opportunity

      Four fourplexes near Rail Runner Station in Los Lunas.
      274 Village Dr, Los Lunas, NM 87031
      View Details
    • $3,000,000

      Los Lunas Mobile Home Park

      Mobile home park and storage units in Los Lunas, New Mexico.
      3149 Hwy, Los Lunas, NM
      View Details
    • $1,310,000

      Los Lunas Retail Stripcenter

      Six-unit retail stripcenter with one vacancy in Los Lunas, NM.
      959 Nm-314, Los Lunas, NM
      View Details
    • $1,500,000
      7,200 SF

      Los Lunas Warehouse - $1.5M

      Spacious warehouse with office & yard.
      2975 Nm Hwy 47, Los Lunas, NM 87031
      View Details

    FAQs

    What type of property is this?
    Land - 13.82 Acres, 52 Residential Lots
    Where is this land located?
    The property is located at Camino Ln Canada Ave Los Lunas, NM.
    What is the asking price?
    The asking price for this property is $546,000.
    What are key features of this property?
    This property features: $546,000 asking price for 13.82 acres of land.; Residential land zoned R1.; Located in Rio Communities North, Los Lunas, NM 87031, Valencia County.
    Request Owner's contact information
    Camino Ln Canada Ave Los Lunas, NM 87031
    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.
    Camino Ln Canada Ave
    Los Lunas, NM 87031
    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
    Camino Ln Canada Ave Los Lunas, NM 87031
    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

    We can help!
    Listing Contact
    Evelyn Orona
    Evelyn Orona
    Real Estate License ID: NM
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.