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    20 Nm 518 Las Vegas, NM 87701

    • Land
    • 5.00 lot acres
    For Sale
    View listing
    $500,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 20 Nm 518

    Lot size
    5.00 lot acres
    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
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.226
    Latitude
    35.6293

    Comparable in this City

    • Value Estimation by Request

      1133 Grand Ave

      Retail properties
      1133 Grand Ave, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request
      1.00 Acre

      4 Grand Ave Ave

      Land • 1.00 Acre
      4 Grand Ave Ave, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request

      1232 8 St Cor

      Land
      1232 8 St Cor, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request
      40.00 Acres

      540 C 24

      Land • 40.00 Acres
      540 C 24, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request

      1130-1104-1106 Grand Ave

      Land
      0 1130-1104-1106 Grand Ave, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request
      1.50 Acres

      2-3 Grand Ave

      Land • 1.50 Acres
      2-3 Grand Ave, Las Vegas, NM 87701
      View Details

    Similar Nearby for Sale

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      Prime Las Vegas Commercial Land

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      Las Vegas Commercial Property - $215K

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    • $500,000
      5.00 Acres

      Prime 5-Acre Commercial Land

      Las Vegas, NM commercial land opportunity.
      20 Nm 518, Las Vegas, NM 87701
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      17,500 SF

      Downtown Las Vegas Retail/Flex Space

      Retail/flex property in Downtown Las Vegas, near Highlands University.
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      Retail space available in Walmart shadow center.
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    • $12 SF/Yr
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      Retail Space Near Walmart

      Retail space available across the street from Walmart Supercenter.
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    • Contact for pricing
      8,748 SF

      Las Vegas Retail Space Available

      Retail space for lease in a busy Las Vegas shopping center.
      212-250 Mills Ave, Las Vegas, NM 87701
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    20 Nm 518
    Las Vegas, NM 87701
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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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