Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4226 Qr 67 Tucumcari, NM 88401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vast acreage, stunning views, endless potential.

    Property Features for 4226 Qr 67

    General Information

    Property type
    Land
    Lot Size
    5,031,180 SF

    We can help!

    Listing Contact
    Sheila R Tixier
    Sheila R Tixier

    Listing Agent: Sheila R Tixier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 115.5-acre property in Quay County, New Mexico, presents a unique investment opportunity. Located near Tucumcari, this land boasts a diverse terrain, combining flat areas with rolling hills, and offers breathtaking views of Tucumcari Mountain. The property features rich red sandy loam clay soil, historically used for adobe brick making, and ample grassland suitable for livestock or leasing. A lower section has a history of irrigated farming, showcasing its versatility. Its proximity to Conchas Lake (approximately 20 miles) and Ute Lake (around 25 miles) makes it attractive to outdoor enthusiasts. The area's history includes fossil discoveries on neighboring properties, adding a unique element. Furthermore, the land has attracted interest from solar developers, highlighting its potential for sustainable energy projects. Priced at $693,000, this expansive property near Tucumcari, NM (zip code 88401), at 4226 Qr 67, offers a multitude of possibilities, from residential development to agricultural pursuits or renewable energy ventures. The possibilities are truly endless.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tucumcari
    County
    Quay
    State
    New Mexico
    Longitude
    -103.7586462
    Latitude
    35.2298635

    Nearby Similar for Sale

    • $649,000

      Tucumcari Assisted Living Property

      Well-maintained assisted living property with 15 private rooms in Tucumcari.
      2600 S 9Th St, Tucumcari, NM 88401
      View Details
    • $195,000

      Commercial Building in Tucumcari, NM

      Commercial building for sale in Tucumcari, New Mexico.
      1804 E Route 66 Blvd, Tucumcari, NM 88401
      View Details
    • $1,750,000

      Tucumcari Hospitality Opportunity on Route 66

      15,785 SF commercial property ideal for hospitality venture.
      1302 West Route 66 Blvd, Tucumcari, NM 88401
      View Details
    • $650,000
      2.00 Acres

      Route 66 Motel Investment Opportunity

      Historic 25-room motel on Route 66
      1620 Route 66, Tucumcari, NM 88401
      View Details
    • $650,000
      2.00 Acres

      Route 66 Motel Investment Opportunity

      Historic Tucumcari Hotel, 25 Rooms, Turnkey
      1620 Route 66, Tucumcari, NM 88401
      View Details
    • $650,000
      11,610 SF

      Historic Route 66 Motel Investment

      25-Room Retro Motel, Prime Location
      1620 Route 66, Tucumcari, NM 88401
      View Details
    • $150,000
      1,100 SF

      Tucumcari Commercial Space - $150k

      Historic Route 66 proximity, versatile layout.
      115 Smith Ave, Tucumcari, NM 88401
      View Details
    • $175,000
      7,436 SF

      Route 66 Commercial Property

      High-traffic location, restaurant/cannabis potential
      3404 Route 66 Blvd, Tucumcari, NM 88401
      View Details
    • $142,800
      1.40 Acres

      Tucumcari Grain Facility: Prime Industrial Land

      1.4-acre flex warehouse; 476,000-bushel capacity.
      3433 Quay County Rd 58, Tucumcari, NM 88401
      View Details
    • $1,195,000
      15,964 SF

      Prime Tucumcari Multifamily Compound

      10-Unit Santa Fe Style Apartment Building
      415 Washington Ave, Tucumcari, NM 88401
      View Details
    • Contact for pricing

      Tucumcari Retail Space - Route 66

      Prime Route 66 convenience store location.
      202 Tucumcari Blvd, Tucumcari, NM 88401
      View Details
    • Contact for pricing
      2,542 SF

      Retail Property in Tucumcari

      Retail property available for sale in Tucumcari, New Mexico.
      201 E Tucumcari Blvd, Tucumcari, NM
      View Details

    FAQs

    What type of property is this?
    Land - Vast acreage, stunning views, endless potential.
    Where is this land located?
    The property is located at 4226 Qr 67 Tucumcari, NM.
    What is the asking price?
    The asking price for this property is $693,000.
    What are key features of this property?
    This property features: 115.5-acre property in Quay County, NM near Tucumcari (zip code 88401).; Diverse terrain with flat areas and rolling hills offering mountain views.; Rich red sandy loam clay soil suitable for agriculture and historically used for adobe brick making.
    (575) 693-9103 Call to check price and availability
    Request Owner's contact information
    4226 Qr 67 Tucumcari, NM 88401
    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.
    4226 Qr 67
    Tucumcari, NM 88401
    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
    4226 Qr 67 Tucumcari, NM 88401
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sheila R Tixier
    Sheila R Tixier
    Real Estate License ID: REC-2023-0502
    (575) 693-9103 (575) 762-5611
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!