Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Xx Illinois Bloomfield, NM 87413

    Property Lookup

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

    Xx Illinois Bloomfield, NM 87413

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

    Current Use by Public Records

    • Land

    Property Details for 0 Xx Illinois

    Property type
    Land

    Description

    This exceptional 0 square foot parcel of land presents a unique investment opportunity in Bloomfield, New Mexico. Located on XX Illinois Street, this non-residential zoned property offers significant potential for various commercial or residential developments. Its unrestricted nature allows for the construction of site-built homes or mobile homes, catering to a diverse range of projects. The property's convenient location places it just minutes away from Naaba Ani Elementary School, enhancing its appeal and accessibility. While the lot size is currently listed as 0 square feet, this is likely a data entry error and further clarification should be sought. The property benefits from the proximity of readily available utilities, with city sewer conveniently located along the highway. This presents a significant advantage for developers, streamlining the construction process and reducing associated costs. Furthermore, the opportunity exists to acquire adjoining parcels, identified by MLS numbers 24-1270, 24-1273, and 24-1274, allowing for expansion or consolidation of land holdings. The asking price of $45,000 makes this an attractive proposition for investors seeking a versatile and strategically located property in Bloomfield, NM. The property is situated in San Juan County, New Mexico, with a zip code of 87413. Interested parties are encouraged to conduct their own due diligence to verify the exact lot size and other relevant details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.981
    Latitude
    36.7402

    Comparable in this City

    • Value Estimation by Request

      Xxx Illinois

      Land
      0 Xxx Illinois, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request

      1927/1929 Broadway Ave

      Land
      1927/1929 Broadway Ave, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request

      Tbd Ferrari Rnch Rd

      Land
      0 Tbd Ferrari Rnch Rd, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request

      49 Road 4980

      Land
      49 Road 4980, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request

      550 Off Rd

      Land
      550 Off Rd, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      4.03 Acres

      3700 1St St

      Land • 4.03 Acres
      3700 1St St, Bloomfield, NM 87413
      View Details

    Similar Nearby for Sale

    • $250,000
      160.00 Acres

      160 Acres Undeveloped Land

      Undeveloped land ideal for homes or investment property.
      Xx Rd 5030, Bloomfield, NM 87413
      View Details
    • $265,000

      Bloomfield Land: Highway Frontage

      5 Acres, High Potential, $265,000
      0 1St St, Bloomfield, NM 87413
      View Details
    • $500,000
      25.95 Acres

      Bloomfield Riverfront Land Opportunity

      25+ acre riverfront property perfect for building your dream home.
      X Rd 5195, Bloomfield, NM 87413
      View Details
    • Contact for pricing

      Land Near Downtown Bloomfield

      Land suitable for a project near downtown Bloomfield.
      Xx Cemetery Rd, Bloomfield, NM 87413
      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.
    Xx Illinois
    Bloomfield, NM 87413
    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

    Xx Illinois, Bloomfield, NM, 87413

    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!