Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5 Jack Mcclellan Dr. Dr Roswell, NM 88201
    Back to Search
    Property profile & analytics

    5 Jack Mcclellan Dr. Dr Roswell, NM 88201

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

    Current Use by Public Records

    • Land

    Property Details for 5 Jack Mcclellan Dr. Dr

    Property type
    Land

    Description

    This exceptional 24,729 square foot lot presents a unique opportunity to build in the prestigious La Sierra Subdivision of Roswell, New Mexico. Located in Chaves County, with a zip code of 88201, this property boasts stunning views of the New Mexico Military Institute (NMMI) golf course. The lot itself measures 150 feet by 164 feet, providing ample space for a custom home and landscaping. The desirable location within a gated community ensures privacy and security. La Sierra is a well-maintained subdivision governed by a Homeowners Association (HOA), which includes established covenants and restrictions to uphold the community's high standards. The asking price for this remarkable property is $95,000. This is an exceptional opportunity to acquire a prime building lot in a sought-after Roswell neighborhood. The property's address is 5 Jack McClellan Dr. Drive, Roswell, NM 88201. Its coordinates are latitude 33.422955 and longitude -104.535726. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.536
    Latitude
    33.423

    Comparable in this City

    • Value Estimation by Request
      318.00 Acres

      00 Cottonwood Rd

      Land • 318.00 Acres
      00 Cottonwood Rd, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      9.74 Acres

      3000 Kentucky Ave

      Land • 9.74 Acres
      3000 Kentucky Ave, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      78.95 Acres

      0000 Sycamore Ave

      Land • 78.95 Acres
      0000 Sycamore Ave, Roswell, NM 88201
      View Details
    • Value Estimation by Request

      8 Jack Mcclellan Dr. Dr

      Land
      8 Jack Mcclellan Dr. Dr, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      29.52 Acres

      Country Club Rd

      Land • 29.52 Acres
      0 Country Club Rd, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      2.10 Acres

      4501 Main St

      Land • 2.10 Acres
      4501 Main St, Roswell, NM 88201
      View Details

    Similar Nearby for Sale

    • $315,000
      121.00 Acres

      Unrestricted Land Parcel in Roswell

      121 acres of unrestricted land northeast of Roswell, New Mexico.
      2953 Cottonwood Rd, Roswell, NM 88201
      View Details
    • $1,420,000

      Land with Highway Frontage

      Land available for sale, ground lease, or build to suite.
      3611 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Land For Sale

      2.16 acres of land available for purchase.
      Sec Blue Mtn Rd And Main St, Roswell, NM 88201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Central Location

      Highly visible commercial land available for ground lease or build-to-suit.
      2813 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Opportunity

      Retail spaces available within the Roswell Mall complex.
      4501 North Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Located on Main St, near Walmart and Roswell Mall.
      4511 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing
      2,162 SF

      Roswell Retail Space For Rent

      Retail space available in high-traffic Roswell shopping center.
      2801 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Retail Spaces Available

      Retail spaces available for lease in Roswell, New Mexico.
      2901 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Destination

      Retail spaces available in Roswell Mall with national retailers.
      Roswell Mall, Roswell, NM 88201
      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.
    5 Jack Mcclellan Dr. Dr
    Roswell, NM 88201
    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
    5 Jack Mcclellan Dr. Dr, Roswell, NM, 88201
    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!