Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pollard St Aztec, NM 87410
    Property profile & analytics

    Pollard St Aztec, NM 87410

    View on Map
    • Land
    • 1.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pollard St

    Lot size
    1.40 lot acres
    Property type
    Land

    Description

    This exceptional 1.4-acre residential lot presents a unique opportunity in the desirable city of Aztec, New Mexico. Located just blocks from the historic downtown area, this property offers convenient access to local amenities, businesses, and cultural attractions. The lot boasts adjudicated water rights, as verified by the New Mexico State Engineer's Office, ensuring a reliable water source for future development. City utilities are readily available nearby, simplifying the construction process. A notable feature is the Aztec Ditch, which traverses the property, adding a picturesque element to the landscape. The land is being sold "as is," "where is," reflecting its potential for customization and development to suit individual preferences. Priced at $70,000, this represents a land value of $50,000 per acre. The property's address is XXX N Pollard Street, Aztec, NM 87410, situated in San Juan County. Buyers are encouraged to conduct their own due diligence. This is an excellent opportunity for those seeking to build their dream home in a charming, established community. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.987
    Latitude
    36.8218

    Comparable in this City

    • Value Estimation by Request

      116 Lots Rd

      Land
      116 Lots Rd, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      26342 Lot 7D Rd

      Land
      26342 Lot 7D Rd, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      37 Ancient Trails Cir

      Land
      37 Ancient Trails Cir, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      516 Ruins Rd

      Land
      516 Ruins Rd, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      Xx Little Rabbit Dr

      Land
      0 Xx Little Rabbit Dr, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      2394 - R4009418 Lot 1C Rd

      Land
      2394 - R4009418 Lot 1C Rd, Aztec, NM 87410
      View Details

    Similar Nearby for Sale

    • $45,000
      5.08 Acres

      5 Acres Land Near Aztec

      5+ acre lot bordering BLM land, between Aztec and Cedar Hill.
      16462 Us 550, Aztec, NM 87410
      View Details
    • $1,250,000
      20.35 Acres

      Aztec Land with Riverfrontage

      20.35-acre land with river and highway frontage in Aztec, NM.
      351 W Aztec Blvd, Aztec, NM 87410
      View Details
    • $170,000

      Aztec Commercial Land - $170K

      Prime Aztec location, high traffic. 43,560 sq ft lot.
      1817 Aztec Blvd, Aztec, NM 87410
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for single tenant occupancy.
      S Main Ave, Aztec, NM 87410
      View Details
    • Contact for pricing

      Prime Development Land, Road 3150

      Build Your Dream Project Today!
      79 Road 3150, Aztec, NM 87410
      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.
    Pollard St
    Aztec, NM 87410
    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
    Pollard St, Aztec, NM, 87410
    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!