Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    221 El Caso Rd Quemado, NM 87829

    • Land
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 221 El Caso Rd

    Lot size
    1.50 lot acres
    Property type
    Land

    Description

    This exceptional 1.5-acre lot is situated in the desirable Quemado Lake Estates gated community in Catron County, New Mexico, at 221 El Caso Road, zip code 87829. Boasting stunning views of Escondido Mountain, this property offers a tranquil escape with the convenience of readily available water and electricity. The asking price is $37,500, and owner financing is being offered, making this an attractive opportunity for buyers. Quemado Lake Estates is known for its meticulously maintained roads, providing easy access to this peaceful location. Enjoy cool summers and mild winters, making it ideal for year-round living or seasonal getaways. The community benefits from a five-bay volunteer fire department, a community library, and a private water association renowned for its high-quality water and strategically placed fire hydrants within 500 feet of each property. Surrounded by the beauty of the National Forest and just a short distance from the Quemado Lake Recreational Area, this property presents a unique blend of seclusion and convenience. This is a rare opportunity to own a piece of this serene New Mexico landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Quemado
    County
    Catron
    State
    New Mexico
    Longitude
    -108.514
    Latitude
    34.1654

    Comparable in this City

    • Value Estimation by Request
      38.04 Acres

      Indian Maiden Ct

      Land • 38.04 Acres
      0 Indian Maiden Ct, Quemado, NM 87829
      View Details
    • Value Estimation by Request
      3.30 Acres

      174 Agua Fria Loop

      Land • 3.30 Acres
      174 Agua Fria Loop, Quemado, NM 87829
      View Details
    • Value Estimation by Request
      16.65 Acres

      Horseshoe Cir

      Land • 16.65 Acres
      0 Horseshoe Cir, Quemado, NM 87829
      View Details
    • Value Estimation by Request
      20.25 Acres

      108 Pima Dr

      Land • 20.25 Acres
      108 Pima Dr, Quemado, NM 87829
      View Details
    • Value Estimation by Request
      25.98 Acres

      274 Deer Cir

      Land • 25.98 Acres
      274 Deer Cir, Quemado, NM 87829
      View Details
    • Value Estimation by Request
      3,200.00 Acres

      000 Omega Rd

      Farms • 3,200.00 Acres
      000 Omega Rd, Quemado, NM 87829
      View Details

    Similar Nearby for Sale

    • $35,000
      20.82 Acres

      Land with Electric Service On-Site

      20.82-acre lot near Quemado, NM, with electric service and shed.
      32 Horseshoe Trl Rd, Quemado, NM 87829
      View Details
    • $39,900
      4.47 Acres

      Quemado, NM Land - 4.47 Acres

      Build Your Dream Home in New Mexico
      26 Spring Canyon Cir, Quemado, NM 87829
      View Details
    • $30,000
      3.30 Acres

      Quemado, NM Land - 3.3 Acres

      3.3-acre lot, stunning mountain views, owner financing.
      174 Agua Fria Loop, Quemado, NM 87829
      View Details
    • Contact for pricing
      11.54 Acres

      Land For Sale, Quemado, NM

      11.54 acres in Indian Springs Subdivision, Western New Mexico.
      60 Arrow Ln Rd, Quemado, NM 87829
      View Details
    • Contact for pricing
      10.32 Acres

      Land in Indian Springs Subdivision

      10+ acre lot near Quemado, NM with mountain views.
      Warpath Rd, Quemado, NM 87829
      View Details
    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.
    221 El Caso Rd
    Quemado, NM 87829
    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

    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.