Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    103 Keats Dr Timberon, NM 88350

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 103 Keats Dr

    Property type
    Land

    Description

    This exceptional 21,780 square foot land parcel presents a unique opportunity in the desirable Timberon, New Mexico area. Nestled within the breathtaking Sacramento Mountains, this property offers a tranquil escape with abundant wildlife and a consistently cool mountain climate. Ideal for outdoor enthusiasts, the land is located in Unit 34, where hunting is permitted. Enjoy the freedom of ATV and RV access, making this an excellent location for recreation. While water and electricity are available, potential buyers are advised to independently verify their availability and functionality. The property's water supply is provided by the Timberon Water Association. This is a remarkable chance to own a piece of the New Mexico wilderness. Owner financing may be available under approved terms. Note that all information should be independently verified by prospective buyers. Photos are for illustrative purposes only and may not accurately reflect the current condition of the property. The property is located at 103 Keats Drive, Timberon, NM 88350.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Timberon
    County
    Otero
    State
    New Mexico
    Longitude
    -105.681
    Latitude
    32.6327

    Comparable in this City

    • Value Estimation by Request

      31 Trinidad Ave

      Land
      31 Trinidad Ave, Alamogordo, NM 88350
      View Details
    • Value Estimation by Request
      8.54 Acres

      239 Anders Rd

      Land • 8.54 Acres
      239 Anders Rd, Cloudcroft, NM 88350
      View Details
    • Value Estimation by Request

      100 Trinidad Ave

      Land
      100 Trinidad Ave, Cloudcroft, NM 88350
      View Details
    • Value Estimation by Request
      1.00 Acre

      20 Norwood Rd

      Land • 1.00 Acre
      20 Norwood Rd, Cloudcroft, NM 88350
      View Details
    • Value Estimation by Request
      1.15 Acres

      28 Wishita Dr Dr

      Land • 1.15 Acres
      28 Wishita Dr Dr, Cloudcroft, NM 88350
      View Details
    • Value Estimation by Request

      2 Balkans Dr

      Land
      2 Balkans Dr, Cloudcroft, NM 88350
      View Details

    Similar Nearby for Sale

    • $110,000
      1.01 Acres

      Scenic Land in Timberon, NM

      Over 5 acres of land in the Sacramento Mountains.
      68 Brownwood Rd, Timberon, NM 88350
      View Details
    • $110,000
      1.02 Acres

      Scenic Land in Timberon, NM

      Over 5 acres of land in the Sacramento Mountains.
      72 Brownwood Rd, Timberon, NM 88350
      View Details
    • $110,000
      1.05 Acres

      Scenic Land in Timberon, NM

      Over 5 acres of land in the Sacramento Mountains.
      64 Brownwood Rd, Timberon, NM 88350
      View Details
    • $110,000
      1.11 Acres

      Scenic Land in Timberon, NM

      Over 5 acres of scenic land in Sacramento Mountains.
      60 Brownwood Rd, Timberon, NM 88350
      View Details
    • $110,000
      1.00 Acre

      Timberon Land For Sale

      Over 5 acres of scenic land in Timberon, New Mexico.
      76 Brownwood Rd, Timberon, NM 88350
      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.
    103 Keats Dr
    Timberon, NM 88350
    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.