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    Property profile & analytics

    Pinon Socorro, NM 87801

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pinon

    Property type
    Land

    Description

    This exceptional investment opportunity comprises 28 developed residential lots in Socorro, New Mexico, totaling 20,000 square feet. Each lot is situated in a desirable R1 zoned area, offering a unique chance to capitalize on the growing demand for affordable housing in the city. The lots are priced at $600,000, or approximately $21,400 per lot, representing a compelling value proposition for developers. Existing infrastructure includes water, electricity, and natural gas connections, with sewer lines currently under development. Each lot is just under half an acre, providing ample space for various housing options, including site-built homes or manufactured housing. The property is identified by APN 0010810059 and is held under LLC ownership. The land value is $1.07 per square foot. All information is subject to buyer due diligence. This presents a significant opportunity to address Socorro's need for affordable housing, creating a potentially lucrative return on investment. The address is 0 Pinon, Socorro, NM 87801.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Socorro
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.918
    Latitude
    34.0535

    Comparable in this City

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      8.96 Acres

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      Land • 8.96 Acres
      700 6Th St, Socorro, NM 87801
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    • Value Estimation by Request
      12.81 Acres

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      Land • 12.81 Acres
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    Pinon
    Socorro, NM 87801
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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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