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

    above Serafina Road Serafina, NM 87569

    View on Map
    Claim this Listing
    New
    For Sale
    $995,000

    LAND - Serafina, NM

    Lot size:
    640.00 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 30 at 3:06 pm

    Property Features for above Serafina Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    1086076328441
    Lot size
    640.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SE4 SW4 Section 16 NE4 NE4 Section 20 N2 Section 21 E2 E2 Section 17 E2 W2 NE4 Section 17 E2 W2 SE4 Section 17 All in Township 13N Range 15E NMPM
    Tax Annual Amount
    29

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Elizabeth Demare
    Elizabeth Demare

    Listing agent Elizabeth Demare License #14543

    Listing office Home & Land Professionals 1208 National Ave., Las Vegas, NM

    Listing date Apr 28, 2026

    MLS# 20262480 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.

    Overview

    Bernal Mesa Land Parcel

    This property offers a substantial land holding in Northern New Mexico, featuring a total of 1,720 acres. This includes 640 deeded acres and an additional 1080 acres under a Bureau of Land Management (BLM) lease. The terrain consists of rugged pinon and juniper-covered land, interspersed with open meadows and a network of ranch roads. The landscape includes scattered rock outcroppings, providing a high degree of privacy and unobstructed views of the night sky. Located on top of Bernal Mesa, this parcel presents a unique opportunity to control a large area.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Serafina
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.317
    Latitude
    35.3928

    Nearby Similar for Sale

    • $795,000

      Land with Private Canyon

      158.81 acres featuring a private box canyon.
      158.81 off B27A, , NM 87569
      View Details
    • $89,500

      Land Near Santa Fe Trail

      3.75 acre land parcel near the historic Santa Fe Trail.
      3.75 +/- Acres Tract B 2 B, Serafina, NM 87569
      View Details
    • $115,000

      Serafina, NM 10-Acre Parcel

      10-acre parcel in Serafina, NM with mountain views.
      10 Acres On County Road B26D, , NM 87569
      View Details
    • $115,000

      Serafina, NM 10-Acre Parcel

      10-acre parcel in Serafina, NM with mountain views.
      10 Acres On County Road B26d, Serafina, NM 87569
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 1,720 acres in Northern New Mexico, including BLM lease.
    Where is this agricultural land / farmland located?
    The property is located at above Serafina Road Serafina, NM.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Large Parcel: 1,720 acres (640 deeded, 1080 BLM lease) offers substantial land ownership and usage rights.; Private Location: Situated on Bernal Mesa, the property provides a very private setting.; Extensive ranch roads provide accessibility throughout the property.
    (505) 617-0503
    We can help!
    Listing Contact
    Elizabeth Demare
    Elizabeth Demare
    Real Estate License ID: 14543
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!