Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3155 Pinos Altos Rd Silver City, NM 88061

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3155 Pinos Altos Rd Silver City, NM 88061

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 3155 Pinos Altos Rd

    Year built
    1971
    Property type
    Specialty properties

    Description

    This charming 2-bedroom home, built in 1971, is located at 3155 Pinos Altos Road, Silver City, NM 88061. Priced at $174,500, this property offers a unique blend of residential comfort and exciting multi-use potential. Recently rezoned for multi-use purposes, this property allows for a residential loan, making it an attractive option for first-time homebuyers. Situated on a spacious, tree-lined lot, the home boasts a serene atmosphere. The interior features brand-new carpeting throughout, fresh paint, and new linoleum in the kitchen and bathroom, ensuring a move-in ready condition. A private, covered patio provides a perfect outdoor space for relaxation or entertaining. Its convenient location places it minutes away from essential services, including hospitals, schools, shopping centers, and dining establishments. This property presents a rare opportunity to acquire a comfortable home with the added flexibility of multi-use zoning in a desirable location. The property's combination of residential appeal and versatile zoning makes it an exceptional investment opportunity. Grant County location offers easy access to local amenities and services.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Silver City
    County
    Grant
    State
    New Mexico
    Longitude
    -108.256
    Latitude
    32.7946

    Comparable in this City

    • Value Estimation by Request

      4460/4470 Little Walnut Rd

      Specialty properties
      4460/4470 Little Walnut Rd, Silver City, NM 88061
      View Details
    • Value Estimation by Request
      114.90 Acres

      000 Frst Rd 19 Rd

      Farms • 114.90 Acres
      000 Frst Rd 19 Rd, Tyrone, NM 88061
      View Details
    • Value Estimation by Request
      0.05 Acres

      302 11th St

      CHARITABLE ORGANIZATION • 0.05 Acres
      302 11th St, Silver City, NM 88061-5101
      View Details
    • Value Estimation by Request
      0.11 Acres

      Silver City, NM 88061

      CHARITABLE ORGANIZATION • 0.11 Acres
      Silver City, NM 88061
      View Details
    • Value Estimation by Request
      0.11 Acres

      Silver City, NM 88061

      CHARITABLE ORGANIZATION • 0.11 Acres
      Silver City, NM 88061
      View Details
    • Value Estimation by Request
      1.26 Acres

      411 Silver Hts Blvd

      CHARITABLE ORGANIZATION • 1.26 Acres
      411 Silver Hts Blvd, Silver City, NM 88061-6503
      View Details

    Similar Nearby for Sale

    • $989,000
      0.27 Acres

      Historic Silver City Residence

      Restored 1883 residence in Silver City's Historic District.
      411 West Broadway St, Silver City, NM 88061
      View Details
    • New
      $265,000
      3,469 SF

      Versatile Commercial Building in Silver City

      Spacious commercial building with potential for residential conversion.
      2540 N Silver St, Silver City, NM 88061
      View Details
    • $198,500
      25.00 Acres

      25 Acres Wooded Land, Silver City

      Off-grid dream property with trailer, container, and water storage.
      38 Heavens Gait, Silver City, NM 88061
      View Details
    • Contact for pricing
      3,900 SF

      Medical Clinic on Highway 180

      Commercial building functioning as a medical clinic with long-term tenant.
      1380 Highway 180 E, Silver City, NM 88061
      View Details
    • $1,725,492

      51 Whiskey Cr Airport Rd, Silver City, NM 88061

      Mobile home & RV parks
      51 Whiskey Cr Airport Rd, Silver City, NM 88061
      View Details
    • Contact for pricing
      1.03 Acres

      Land in Silver City, NM

      Residential land with views near Silver City, New Mexico.
      2722 Spur Dr, Silver City, NM 88061
      View Details
    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.
    3155 Pinos Altos Rd
    Silver City, NM 88061
    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

    3155 Pinos Altos Rd, Silver City, NM, 88061

    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!