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    243 Western Run Rd Rd Santa Rosa, NM 88435

    • Land
    • 299.95 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 243 Western Run Rd Rd

    Lot size
    299.95 lot acres
    Property type
    Land

    Description

    This exceptional 299.95-acre property in Guadalupe County, New Mexico, presents a unique investment opportunity. Situated just off exit 243 of I-40 West, near Milagro, this land offers a tranquil and picturesque setting. The property comprises two contiguous lots, 9 and 10, of the Portrillo Creek II Ranch. Lot 10, bordering the county-maintained Western Run Road, boasts a more level terrain at a higher elevation. Electric power lines run along this southern boundary. Lot 9, facing north, features more varied topography and juniper trees. Currently, the entire subdivision is leased for cattle grazing, with the lessee covering most property taxes. Note that there are legal restrictions associated with these tracts. The property's location near I-40 provides convenient access, while its expansive size and natural beauty make it ideal for various uses, subject to applicable regulations and restrictions. The asking price for this substantial land holding is $248,800. The zip code is 88435, and the city is Santa Rosa.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Guadalupe
    State
    New Mexico
    Longitude
    -105.258
    Latitude
    35.0306

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    243 Western Run Rd Rd
    Santa Rosa, NM 88435
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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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