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    OFF-MARKET
    Land

    0 Tracts 5-B & 5-C, Placitas, NM 87043

    1.68 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.683-acre commercial land parcel presents a unique investment opportunity in the charming village of Placitas, New Mexico. Located in Sandoval County, this property is zoned for non-residential use, offering considerable flexibility for development. The land boasts convenient frontage on NM Highway 165, ensuring high visibility and accessibility. A short seven-minute drive to I-25 provides easy access to major transportation routes, connecting businesses to a wider market. Nestled at the base of Sandia Peak, this location offers stunning natural beauty and a rich historical context, situated between nearby pueblos. The picturesque village of Placitas retains its distinctive character, featuring historic adobe homes, the San Antonio de Padua Mission, and the Las Placitas Presbyterian Church, creating a unique and desirable setting for commercial ventures. The property's 1.683 acres provide ample space for a variety of commercial developments, making it an attractive proposition for entrepreneurs and investors seeking a prime location in a thriving community. The asking price for this exceptional property is $220,000. The zip code is 87043.

    Property profile
    Verified
    Property type Land
    Lot 1.68 ac (73,311 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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