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    8 Jack Mcclellan Dr. Dr Roswell, NM 88201

    Sponsored
    For Sale
    $95,000

    Build Your Dream Home in La Sierra

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 25,109 square foot lot presents a unique opportunity to build your dream home in the prestigious La Sierra Subdivision of Roswell, New Mexico. Located at 8 Jack McClellan Dr. Drive, zip code 88201, this property boasts stunning views of the New Mexico Military Institute (NMMI) golf course. The lot itself measures 150 feet by 166 feet, providing ample space for a substantial residence and landscaping. Situated within a gated community, La Sierra offers residents an enhanced level of security and privacy. The property is subject to a Homeowners Association (HOA) with established covenants, conditions, and restrictions (CC&Rs) in place. The asking price for this remarkable piece of land is $95,000. This prime location in Chaves County offers a blend of tranquility and convenience, making it an ideal setting for a luxurious and peaceful lifestyle. The property's address is easily accessible and conveniently located near local amenities. This is a rare opportunity to acquire a buildable lot in a highly sought-after Roswell community. Further details regarding HOA fees and regulations are available upon request.

    Property Features for 8 Jack Mcclellan Dr. Dr

    General Information

    Property type
    Land

    HighLights

    • $95,000 asking price.
    • 25,109 square foot land parcel.
    • Located in Roswell, NM, zip code 88201, at 8 Jack McClellan Dr.
    • Situated in the La Sierra Subdivision, a gated community.
    • Features views of the NMMI golf course and is subject to HOA covenants and restrictions.
    • Lot dimensions are approximately 150' x 166'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.535203
    Latitude
    33.422948

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home in La Sierra
    Where is this land located?
    The property is located at 8 Jack Mcclellan Dr. Dr Roswell, NM.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: $95,000 asking price.; 25,109 square foot land parcel.; Located in Roswell, NM, zip code 88201, at 8 Jack McClellan Dr.
    (575) 622-0021
    Request Owner's contact information
    8 Jack Mcclellan Dr. Dr Roswell, NM 88201
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    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.

    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
    8 Jack Mcclellan Dr. Dr Roswell, NM 88201
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