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

    7 Roberts Cir Los Lunas, NM 87031

    • Commercial real estate
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0632788
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7 Roberts Cir

    Lot size
    0.44 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.44-acre commercial lot in Los Lunas, New Mexico, presents a unique opportunity for immediate development. Located at 7 Roberts Cir, 87031, this shovel-ready property boasts approved plans for an eight-unit apartment complex, complete with 18 parking spaces, exceeding the required 2.23/1,000 sq ft parking ratio. The C-1 zoning, enhanced by a Special Use Permit for multi-family dwellings, ensures a straightforward path to construction. Situated in a high-traffic area with 23,755 vehicles per day on State Hwy 47/Ralliere Rd, the property benefits from excellent visibility and accessibility. The site is shadow-anchored by a Smith's Grocery store, and serves a 5-mile population of 40,896 with an average household income of $84,694. The gated lot offers convenient ingress and egress from both the north and south property lines. Essential utilities are readily available, including three-phase power at the property line, along with water and sewer lines on the street. This is a truly exceptional value-add opportunity for investors seeking a quick path to profitability in a thriving New Mexico market. The asking price is $198,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.700945
    Latitude
    34.810326

    Comparable in this City

    • Contact for pricing
      0.16 Acres

      Los Lunas Retail & Land Opportunity

      High-traffic retail land, prime location.
      0 Seq Main St & Los Lentes Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      4.06 Acres

      Los Lunas Commercial Land - 4.06 Acres

      Prime Retail Land, High-Growth Area, I-25 Access
      0 Los Morros Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      Pending

      Los Lunas Land For Sale

      0.43 acre lot ready for new owner.
      17 Las Mananitas Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      2.50 Acres

      Land with Scenic Views

      2.5-acre land parcel in Los Lunas, New Mexico.
      Rancho Rio Grande, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      1.27 Acres

      Land in Los Lunas, NM

      1.27 acre land parcel available in Los Lunas, NM.
      24 Avion Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      0.17 Acres

      Land For Sale, Meadow Lake

      Land available in Meadow Lake, New Mexico.
      5 Block 3, Los Lunas, NM 87031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.16 Acres

      Los Lunas Retail & Land Opportunity

      High-traffic retail land, prime location.
      0 Seq Main St & Los Lentes Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      4.06 Acres

      Los Lunas Commercial Land - 4.06 Acres

      Prime Retail Land, High-Growth Area, I-25 Access
      0 Los Morros Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      Pending

      Los Lunas Land For Sale

      0.43 acre lot ready for new owner.
      17 Las Mananitas Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      2.50 Acres

      Land with Scenic Views

      2.5-acre land parcel in Los Lunas, New Mexico.
      Rancho Rio Grande, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      1.27 Acres

      Land in Los Lunas, NM

      1.27 acre land parcel available in Los Lunas, NM.
      24 Avion Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      0.17 Acres

      Land For Sale, Meadow Lake

      Land available in Meadow Lake, New Mexico.
      5 Block 3, Los Lunas, NM 87031
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Los Lunas Retail Land Opportunity

      Prime Main St. land, 8+ acres.
      0 Seq Main St & Los Lentes Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      1 SF

      Sunset View Marketplace: Prime Retail Land

      18 Acres, Los Lunas, NM Retail Opportunity
      0 Sec Main St & Hunning Rnch Loop, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Los Lunas Commercial Land Opportunity

      Prime 1.275-acre C-1 zoned lot.
      Lp Sun Ranch Village Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      713,512 SF

      I-25 & Hwy 6 Retail Land

      Prime Los Lunas Retail Tract
      0 Sec Of I-25 & Hwy 6, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Los Lunas Commercial Land Opportunity

      Prime Valencia County retail land, 0.42-0.48 acres.
      2301 Main St, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      74,584 SF

      Prime Los Lunas Commercial Land

      I-25 & NM Hwy 6 Land Opportunity
      0 Nwq I-25 & Nm Hwy 6, Los Lunas, NM 87031
      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.
    7 Roberts Cir
    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
    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.