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    1602-1624 Reed St Tucumcari, NM 88401

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1602-1624 Reed St

    Property type
    Land

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tucumcari
    County
    Quay
    State
    New Mexico
    Longitude
    -103.709
    Latitude
    35.1853

    Comparable in this City

    • Value Estimation by Request
      13.50 Acres

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      Land • 13.50 Acres
      3890 Quay Road 62, Tucumcari, NM 88401
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    • Value Estimation by Request
      40.06 Acres

      4D Lot Quay Rd

      Land • 40.06 Acres
      4D Lot Quay Rd, Tucumcari, NM 88401
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    • Value Estimation by Request
      115.50 Acres

      4226 Qr 67

      Land • 115.50 Acres
      4226 Qr 67, Tucumcari, NM 88401
      View Details
    • Value Estimation by Request
      1.50 Acres

      1102 Saratoga St

      Land • 1.50 Acres
      1102 Saratoga St, Tucumcari, NM 88401
      View Details
    • Value Estimation by Request

      115 Smith Ave

      Land
      115 Smith Ave, Tucumcari, NM 88401
      View Details
    • Value Estimation by Request
      1.16 Acres

      502 Lake St

      Individual retail properties • 1.16 Acres
      502 Lake St, Tucumcari, NM 88401
      View Details

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      Prime 115-Acre New Mexico Land

      Vast acreage, stunning views, endless potential.
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      0.81 Acres

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      40-Acre Ranchette in Tucumcari, NM

      40-acre ranchette with septic tank, ready for new homesite.
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    • $350,000
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      Tucumcari Farm and Ranchland

      Farm and ranchland with irrigated acres and rangeland near Tucumcari.
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      Tucumcari Retail Space - Route 66

      Prime Route 66 convenience store location.
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      View Details
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    1602-1624 Reed St
    Tucumcari, NM 88401
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    Realmo Value Estimation

    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.

    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
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