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    4599 Xx Track4 Rd Blanco, NM 87412

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    4599 Xx Track4 Rd Blanco, NM 87412

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    Property Details for 4599 Xx Track4 Rd

    Property type
    Land

    Description

    This exceptional 174,240 square foot (approximately 4 acres) property in Blanco, New Mexico, presents a unique opportunity for those seeking a tranquil yet conveniently located land parcel. Situated in San Juan County, with the address XX(TRACK4) ROAD 4599 and zip code 87412, this land offers a peaceful setting less than 20 minutes from the recreational opportunities of the San Juan River and Navajo Dam. Enjoy fishing, boating, and hiking in this scenic New Mexico area. For those needing city amenities, Farmington is a short 40-minute drive away, providing easy access to shopping, dining, and other conveniences. This property is perfect for building a dream home, creating a private retreat, or as a land investment with significant potential. Water and electricity are available at the property line, although meters are not yet installed. Consider the possibilities of building your dream home or establishing a peaceful retreat in this desirable location. For those seeking even more acreage, a similar property is available at XX(Track5) Road 4599. The asking price for this remarkable property is $82,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blanco
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.782
    Latitude
    36.761

    Comparable in this City

    • Value Estimation by Request

      4366 Lot 3 Rd

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      4366 Lot 3 Rd, Blanco, NM 87412
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      373 Road 4599

      Land
      373 Road 4599, Blanco, NM 87412
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    • Value Estimation by Request
      224 SF

      10121 Us Hwy 550

      APPLIANCE STORE • 224 SF
      10121 Us Hwy 550, Blanco, NM 87412
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    • Value Estimation by Request

      Blanco, NM 87412

      APPLIANCE STORE
      Blanco, NM 87412
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    • Value Estimation by Request
      973 SF

      486 Rd 4599

      OFFICE (GENERAL) • 973 SF
      486 Rd 4599, Blanco, NM 87412-9731
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    • Value Estimation by Request
      3,644 SF

      7455 Us 64

      MINI-WAREHOUSE, STORAGE • 3,644 SF
      7455 Us 64, Blanco, NM 87412-9600
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    Similar Nearby for Sale

    • $208,000
      40.00 Acres

      40 Acres in Blanco, NM

      40-acre rural parcel with panoramic views bordering BLM land.
      Xx Rd 4440, Blanco, NM 87412
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    • $1,212,500
      48.50 Acres

      48.5 Acres Riverfront Farm Land

      Rare riverfront property with irrigation and fishing on San Juan.
      Xx Rd 4599, Blanco, NM 87412
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    • $232,900
      155.88 Acres

      Land Near Navajo Lake

      Spacious land near Navajo Lake, suitable for residential or recreational.
      539/64 Hwy, Navajo Dam, NM 87412
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    Blanco, NM 87412
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    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
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