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    High Desert Homesite Land Parcel Title is generated by Realmo AI

    Pima Drive Road, Quemado, NM 87829

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    LAND - Quemado, NM

    Lot size:
    10.32 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for Pima Drive Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    2086010139300
    Lot size
    10.32 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Lot 138 Unit 2 Indian Springs Subdivision
    Tax Annual Amount
    76

    We can help!

    Listing Contact
    Jimmie Sue Lee

    Listing agent Jimmie Sue Lee License #18701

    Listing office New Mexico West Properties P.O. Box 196, Quemado, NM

    Listing date Jun 3, 2026

    MLS# 20263277 Listing URL

    Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10.32‑acre parcel for sale near Quemado, NM
    • Surrounded by native piñon and juniper trees with varied terrain including a small hill and gentle westward slopes
    • Some level areas suited for a future homesite
    • Landowners association maintains roads within the subdivision for reliable access
    • Private subdivision well allows an owner to obtain water on a temporary basis
    • About 13 miles from Quemado for fuel, supplies, two restaurants, and the school

    Overview

    This offering is a 10.32-acre land parcel located within a private subdivision near Quemado, New Mexico. The property is set among native pinon and juniper trees and features varied terrain, including a small hill and gentle westward slopes, with some areas that are relatively level and could support a future homesite. Covenants are available upon request. A landowners association maintains the roads within the subdivision, supporting reliable access for owners.

    The parcel is approximately 13 miles from the town of Quemado, where fuel, supplies, two restaurants, and the school are available. While the listing emphasizes the high-desert setting, the practical takeaway is that the property is positioned to balance privacy and convenience to essential small-town services.

    For buyers looking to build, this is a larger land holding suited to someone who wants space and a natural setting for a private residence. The subdivision includes a private well that an owner can obtain water from on a temporary basis, which may help support early-stage use during planning and development. Interested parties should contact the listing broker for covenants, additional information, and to schedule an appointment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Quemado
    County
    Catron
    State
    New Mexico
    Longitude
    -108.3747558
    Latitude
    34.39845552

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    FAQs

    What type of property is this?
    Residential land & home lot - Secluded 10.32-acre parcel with HOA-maintained roads, native pinon and juniper terrain, and access to a private subdivision well.
    Where is this residential land & home lot located?
    The property is located at Pima Drive Road Quemado, NM.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 10.32‑acre parcel for sale near Quemado, NM; Surrounded by native piñon and juniper trees with varied terrain including a small hill and gentle westward slopes; Some level areas suited for a future homesite
    (575) 773-4996
    We can help!
    Listing Contact
    Jimmie Sue Lee
    Real Estate License ID: 18701
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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.

    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.

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