Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    23 Tecolote Ct Sandia Park, NM 87047

    Property Lookup

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

    23 Tecolote Ct Sandia Park, NM 87047

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

    Current Use by Public Records

    • Land

    Property Details for 23 Tecolote Ct

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 43,560 square foot lot in Sandia Park, New Mexico, presents a unique opportunity to build your dream home. Located at 23 Tecolote Court, 87047, this property boasts breathtaking views and is conveniently situated within a developed area. The seller has plans available for the buyer, saving time and effort in the design phase. Infrastructure is already in place, including paved roads, underground utilities, readily accessible water, sewer, and natural gas. High-speed internet service from Comcast is also available at the street. Enjoy the convenience of being just 30 minutes from the Albuquerque International Airport, perfect for those who want easy access to travel. For leisure activities, the community offers a pool, tennis courts, and a community center, providing ample opportunities for relaxation and recreation. Golfing and skiing enthusiasts will also appreciate the proximity to various recreational options. This is a remarkable opportunity to own a piece of land in a desirable location with all the necessary amenities for comfortable living. Don't miss out on this chance to build your dream home in this picturesque setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sandia Park
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.311
    Latitude
    35.2139

    Comparable in this City

    • Value Estimation by Request

      4 Fullerton Rdg

      Farms
      4 Fullerton Rdg, Sandia Park, NM 87047
      View Details
    • Value Estimation by Request

      22 Conquest Ct

      Farms
      22 Conquest Ct, Sandia Park, NM 87047
      View Details
    • Value Estimation by Request

      7 Vickie Ct Ct

      Farms
      7 Vickie Ct Ct, Sandia Park, NM 87047
      View Details
    • Value Estimation by Request

      1 Fullerton Rdg

      Farms
      1 Fullerton Rdg, Sandia Park, NM 87047
      View Details
    • Value Estimation by Request

      3 Fullerton Rdg

      Farms
      3 Fullerton Rdg, Sandia Park, NM 87047
      View Details
    • Value Estimation by Request

      6 Abiquiu Ct

      Farms
      6 Abiquiu Ct, Sandia Park, NM 87047
      View Details

    Similar Nearby for Sale

    • $189,000
      10.03 Acres

      10-Acre Lot with Panoramic Views

      Exceptional 10-acre lot with views, accessibility, and natural beauty.
      25 La Cantera, Sandia Park, NM 87047
      View Details
    • $129,999
      5.21 Acres

      Sandia Park Land For Sale

      5.21-acre parcel in Sandia Park with well and electric.
      Skyline Ct, Sandia Park, NM 87047
      View Details
    • $189,000
      10.03 Acres

      10-Acre Lot with Panoramic Views

      10-acre lot with views, accessibility, and natural beauty.
      25 La Cantera, Sandia Park, NM 87047
      View Details
    • $179,900
      24.22 Acres

      24 Acres in Sandia Park

      Land with mountain views, mature trees, and development potential.
      A, Sandia Park, NM 87047
      View Details
    • $35,000
      5.45 Acres

      Sandia Park Acreage Available

      5.45 acre parcel in Sandia Park, New Mexico.
      26 In, Sandia Park, NM 87047
      View Details
    • $179,900
      10.02 Acres

      Sandia Park Land with Views

      10+ acre lot with well and mountain views.
      4 Osito Rd, Sandia Park, NM 87047
      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.
    23 Tecolote Ct
    Sandia Park, NM 87047
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!