Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Enchanted Circle Drive Title is generated by Realmo AI

    Upper Pinabete lot 62, Questa, NM 87556

    View on Map
    Claim this Listing
    For Sale
    $69,900

    LAND - Questa, NM

    Lot size:
    3.24 Acres
    Added:
    Jul 11, 2025
    Days on Market:
    308
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for Upper Pinabete lot 62

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.24 Acres

    Taxes and HOA fees

    Tax Description
    3.24 +/- acres to be verified by Title Company.
    Tax Annual Amount
    151

    Utilities

    Sewer type
    Unknown

    We can help!

    Listing Contact
    Julie Bevill

    Listing agent Julie Bevill License #REC-2024-0162

    Listing office Berkshire Hathaway HomeServices Taos Real Estate 314 A Paseo del Pueblo Norte, Taos, NM

    Listing date Jul 11, 2025

    MLS# 113683 Listing URL

    Copyright © 2026 Enchanted Circle Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 3.24‑acre lot with mature trees offering multiple building sites.
    • Breathtaking western sunset views overlooking the Rio Grande del Norte National Monument and Wild Rivers Recreation Area.
    • Proximity to outdoor recreation: close to Red River Ski Area, Taos Ski Valley, and the Latir Wilderness.
    • Convenient location off The Enchanted Circle drive, near Questa, providing easy access to Taos and Colorado.
    • Abundant wildlife, including elk herds, in the adjacent Latir Wilderness.
    • Tranquil setting surrounded by nature, offering privacy and scenic beauty.

    Overview

    This 3.24-acre lot is located just off The Enchanted Circle drive, near the village of Questa. The property is surrounded by tall cedar trees and majestic pines, featuring mature pinon and juniper. The lot offers several ideal locations for building a home. The property offers views of western sunsets towards the Rio Grande del Norte National Monument and Wild Rivers Recreation Area. The Latir Wilderness, located behind the property, contains some of New Mexico's highest peaks and wildlife, including elk herds. The lot provides access to outdoor adventures, with a short drive to Red River Ski Area and Taos Ski Valley, and a commute North to Colorado or South to Taos.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Questa
    County
    Taos
    State
    New Mexico
    Longitude
    -105.478
    Latitude
    36.7571

    Nearby Similar for Sale

    • $225,000

      Land in Questa, New Mexico

      5-acre lot with structures, well, and utilities in Questa.
      11 Windmill, Questa, NM 87556
      View Details
    • $48,600

      Land Near Enchanted Circle Byway

      3.24-acre lot near Questa, NM, with mountain views.
      Upper Penabete lot: 58, Questa, NM 87556
      View Details
    • $323,000

      Land on Latir Wilderness Edge

      4+ acre parcel near Questa, NM, ideal for building.
      Vir Sylvia Road 4 plus Acres, Questa, NM 87556
      View Details
    • $165,000

      120 Acres in Sunshine Valley

      Exceptional 120-acre land with mountain views in Northern New Mexico.
      Old Sunshine Valley Way, Questa, NM 87556
      View Details
    • $85,000

      Land with Carson National Forest Access

      3.94-acre land near Latir Wilderness with hunter's cabin.
      Upper Pinabete Road lot: 84, Questa, NM 87556
      View Details
    • $110,500

      Questa Land Near Latir Wilderness

      3.94-acre estate near Carson National Forest with utilities.
      Pinabete Road lot: 85, Questa, NM 87556
      View Details
    • $69,900

      Land Near Questa, New Mexico

      3.24-acre lot near Questa with mountain views and cedar trees.
      Upper Pinabete lot: 61, Questa, NM 87556
      View Details
    • $69,900

      Land with Breathtaking Views

      3.24-acre lot near Enchanted Circle with mountain views.
      Upper Pinabete lot: 56, Questa, NM 87556
      View Details
    • $85,000

      Land Near Latir Wilderness

      3.94-acre land near Latir Wilderness, Questa, New Mexico.
      Upper Pinabete Road lot: 83, Questa, NM 87556
      View Details
    • $36,900

      Land in Questa, New Mexico

      Three acre lot with trees, privacy, and wildlife.
      Lot 4 Llano Rd, Questa, NM 87556-0000
      View Details
    • $153,000

      Land with Carson National Forest Access

      7.88 acres with direct access to Carson National Forest.
      Upper Pinabete Road lot: 83 And 84, Questa, NM 87556
      View Details
    • $32,000

      Land with Mountain Views

      Two buildable parcels totaling 1.05 acres near Questa, NM.
      Ed Rd lot: 44 And 46, Questa, NM 87556
      View Details

    FAQs

    What type of property is this?
    Land - 3.24-acre lot near Questa with mountain views and trees.
    Where is this land located?
    The property is located at Upper Pinabete lot 62 Questa, NM.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Expansive 3.24‑acre lot with mature trees offering multiple building sites.; Breathtaking western sunset views overlooking the Rio Grande del Norte National Monument and Wild Rivers Recreation Area.; Proximity to outdoor recreation: close to Red River Ski Area, Taos Ski Valley, and the Latir Wilderness.
    (575) 758-1924
    We can help!
    Listing Contact
    Julie Bevill
    Real Estate License ID: REC-2024-0162
    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

    Thank You for Inquiry
    Upper Pinabete lot: 62, Questa, NM 87556
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!