Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11807 Tijeras Nm Tijeras, NM 87059

    Property Lookup

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

    11807 Tijeras Nm Tijeras, NM 87059

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

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 11807 Tijeras Nm

    Lot size
    0.70 lot acres
    Property type
    Land

    Description

    This exceptional 0.7112-acre commercial land parcel in Tijeras, New Mexico, presents a unique investment opportunity. Located at 11807 NM 337, Tijeras, NM 87059, this property boasts 30,979 square feet of buildable land with significant advantages. A future building footprint is already approved, along with grading and drainage plans. Utilities are conveniently stubbed in, including natural gas, a 2' water line, a Bernalillo County sewer connection, and 3-phase power at the property line. Situated on NM Highway 337, this high-traffic area sees 64,000 vehicles per day, offering excellent visibility and accessibility. Less than a mile from Interstate I-40, the property benefits from its strategic location and CB-1 zoning for commercial development. A built-out turn lane ensures easy ingress and egress. Ideal for various uses, including a gas station, quick-service restaurant, health services facility, or retail development. This is a rare chance to acquire prime commercial real estate in Tijeras, poised for immediate and future development. The property can be bundled with an adjacent 7-acre parcel and existing building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tijeras
    County
    Bernalillo
    State
    New Mexico
    Longitude
    106.388
    Latitude
    35.0781

    Comparable in this City

    • Value Estimation by Request
      7.80 Acres

      11807 Nm-337 Tijeras Nm Usa

      Land • 7.80 Acres
      11807 Nm-337 Tijeras Nm Usa, Tijeras, NM 87059
      View Details
    • Value Estimation by Request
      6.10 Acres

      11807 Nm 337

      Land • 6.10 Acres
      11807 Nm 337, Tijeras, NM 87059
      View Details
    • Value Estimation by Request
      0.71 Acres

      11807 Nm-337

      Land • 0.71 Acres
      11807 Nm-337, Tijeras, NM 87059
      View Details
    • Value Estimation by Request

      19 Bolivar Loop

      Farms
      19 Bolivar Loop, Tijeras, NM 87059
      View Details
    • Value Estimation by Request

      217 Via Sedillo Rd

      Farms
      217 Via Sedillo Rd, Tijeras, NM 87059
      View Details
    • Value Estimation by Request

      1430 &1440 Nm 333

      Farms
      1430 &1440 Nm 333, Tijeras, NM 87059
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.10 Acres

      Land in Canyon Estates

      Land in Tijeras, NM, near Carlito Springs Open Space.
      34 Eagle Trl, Tijeras, NM 87059
      View Details
    • $66,960
      16.74 Acres

      Land For Sale in Tijeras

      16.74 acre land parcel available in Tijeras, New Mexico.
      Mora 225, Tijeras, NM 87059
      View Details
    • $244,000
      61.00 Acres

      Land For Sale in Tijeras

      61 acres of land available in Tijeras, New Mexico.
      79 Mora Rd, Tijeras, NM 87059
      View Details
    • $97,600
      24.40 Acres

      Land For Sale in Tijeras

      24.4 acres of land available in Tijeras, New Mexico.
      Mora 155, Tijeras, NM 87059
      View Details
    • $49,200
      12.30 Acres

      Land For Sale in Tijeras

      12.3 acres of land available in Tijeras, New Mexico.
      Mora 140, Tijeras, NM 87059
      View Details
    • $61,360
      15.34 Acres

      Land For Sale in Tijeras

      15.34 acres of land available in Tijeras, New Mexico.
      Mora 145, Tijeras, NM 87059
      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.
    11807 Tijeras Nm
    Tijeras, NM 87059
    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!