Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    0000 2 Red Feather Wl Rd Pie Town, NM 87827
    Back to Search
    Property profile & analytics

    0000 2 Red Feather Wl Rd Pie Town, NM 87827

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

    Current Use by Public Records

    • Land

    Property Details for 0000 2 Red Feather Wl Rd

    Lot size
    40.00 lot acres
    Property type
    Land

    Description

    This exceptional 40-acre parcel of land presents a unique opportunity for off-grid living or hunting enthusiasts. Located northeast of the Sawtooth Mountain Range, between the charming towns of Datil and Pie Town, New Mexico, this property offers breathtaking scenery and abundant wildlife. Priced affordably at $24,000, this land boasts significant potential, though it's important to note that it currently lacks direct road access. Buyers should be aware that the boundaries depicted in the marketing photos are approximate and intended for illustrative purposes only. A professional survey will be required to establish precise property lines. The property is classified as vacant land and is situated in Catron County, New Mexico, with a zip code of 87827. Its coordinates are 34.4529212 latitude and -108.1428669 longitude. Given its remote location and lack of direct road access, this property is ideal for those seeking seclusion and a connection with nature. The absence of existing structures allows for complete customization and the creation of a truly personalized retreat. Serious buyers are encouraged to conduct their own due diligence and arrange for a survey to confirm property boundaries before purchase. This is a remarkable opportunity to own a substantial piece of New Mexico's unspoiled landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pie Town
    County
    Catron
    State
    New Mexico
    Longitude
    -108.143
    Latitude
    34.4529

    Comparable in this City

    • Value Estimation by Request
      148.69 Acres

      86 Ponderosa Rnch Path

      Land • 148.69 Acres
      86 Ponderosa Rnch Path, Pie Town, NM 87827
      View Details
    • Value Estimation by Request
      40.00 Acres

      0000 2 Goat Rnch Rd

      Farms • 40.00 Acres
      0000 2 Goat Rnch Rd, Pie Town, NM 87827
      View Details
    • Value Estimation by Request
      20.00 Acres

      0000 1 Goat Rnch Rd

      Farms • 20.00 Acres
      0000 1 Goat Rnch Rd, Pie Town, NM 87827
      View Details
    • Value Estimation by Request
      17.51 Acres

      89 Ponderosa Vw Loop

      Land • 17.51 Acres
      89 Ponderosa Vw Loop, Pie Town, NM 87827
      View Details
    • Value Estimation by Request
      13.65 Acres

      Elk Pass Loop

      Land • 13.65 Acres
      0 Elk Pass Loop, Pie Town, NM 87827
      View Details
    • Value Estimation by Request
      296.03 Acres

      Ponderosa Rnch Trl Rd

      Farms • 296.03 Acres
      0 Ponderosa Rnch Trl Rd, Pie Town, NM 87827
      View Details

    Similar Nearby for Sale

    • $150,000
      148.69 Acres

      148+ Acre Rural New Mexico Land

      Off-grid land with trees, views, and well/septic system.
      86 Ponderosa Rnch Path, Pie Town, NM 87827
      View Details
    • $50,000
      42.00 Acres

      Land For Sale in Pie Town

      Two 42-acre parcels available in Western New Mexico.
      Ponderosa Rnch Trl Rd, Pie Town, NM 87827
      View Details
    • New
      $35,000
      17.87 Acres

      Secluded Land in Pie Town

      17.87 acres with electricity, no HOA, near Pie Town.
      59 Solano Rd, Pie Town, NM 87827
      View Details
    • $51,000
      31.33 Acres

      Land in Wild Horse Ranch

      Picturesque 31.33 acre lot with stunning views and wildlife.
      Xx Double J Ct, Pie Town, NM 87827
      View Details
    • $49,000
      13.50 Acres

      Land with Dark Skies

      13.57-acre corner lot perfect for off-grid living.
      Deer Run Trl, Pie Town, NM 87827
      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.
    0000 2 Red Feather Wl Rd
    Pie Town, NM 87827
    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
    0000 2 Red Feather Wl Rd, Pie Town, NM, 87827
    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!