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    Us-84 Chama, NM 87520

    • Land
    • 2.93 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us-84

    Lot size
    2.93 lot acres
    Property type
    Land

    Description

    This exceptional 2.93-acre commercial land parcel presents a remarkable investment opportunity in Chama, New Mexico. Strategically located on US-84 at 2483 Colin Rd, this property boasts significant highway frontage, ensuring high visibility and accessibility for any business. The C2 HCP zoning allows for a wide range of commercial uses, making it ideal for new ventures or relocation of existing businesses. The property includes a 495-square-foot studio apartment (16.6ft x 30ft) situated at the rear, currently occupied and connected to village utilities (gas, water, sewer, and electric). The availability of utilities for the vacant commercial land requires verification. This prime location is situated on the main highway running through Chama, near the intersection of highways 84 and 64, providing easy access to Pagosa Springs, Colorado. High traffic volume ensures excellent exposure. The property is conveniently located just south of the Lowes Chama Valley Grocery Store. This property offers unlimited potential for commercial development in a thriving area. The asking price is $230,000. The zip code is 87520, and the property is in Rio Arriba County.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chama
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.584
    Latitude
    36.8796

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      0.37 Acres

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      VACANT COMMERCIAL LAND • 0.37 Acres
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      VACANT COMMERCIAL LAND • 3.16 Acres
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      4.50 Acres

      Chama, NM 87520

      COMMERCIAL (GENERAL) • 4.50 Acres
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    Us-84
    Chama, NM 87520
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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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