Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    C-15 Lexco Est Phase 1 Moriarty, NM 87035

    Property Lookup

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

    C-15 Lexco Est Phase 1 Moriarty, NM 87035

    View on Map
    • Commercial real estate
    • 1.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for C-15 Lexco Est Phase 1

    Lot size
    1.26 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.26-acre commercial lot, identified as Lot C-15 in Lexco Estates Phase 1, Moriarty, New Mexico, presents a unique investment opportunity. Strategically located just off historic Route 66 and Lexco Road, this level lot enjoys high visibility and accessibility between the thriving communities of Edgewood and Moriarty. The property boasts all utilities readily available, including buried power lines for electricity, natural gas, water, and sewer connections – eliminating costly infrastructure development. Well-maintained paved and curbed roads enhance the site's appeal and functionality. The development's advantageous Route 66 frontage ensures significant traffic exposure, ideal for a variety of commercial ventures. This lot is ready for immediate development, offering a streamlined path to establishing a business presence in a high-traffic area. The potential for significant return on investment is undeniable, given the location and infrastructure already in place. Note that additional acreage is available

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -106.121
    Latitude
    35.0115

    Comparable in this City

    • Value Estimation by Request
      1.68 Acres

      C-3 Lexco Est Phase 1

      Commercial real estate • 1.68 Acres
      C-3 Lexco Est Phase 1, Moriarty, NM 87035
      View Details
    • Value Estimation by Request
      1.89 Acres

      C-5 Lexco Est Phase 1

      Commercial real estate • 1.89 Acres
      C-5 Lexco Est Phase 1, Moriarty, NM 87035
      View Details
    • Value Estimation by Request
      1.00 Acre

      C-4 Lexco Est Phase 1

      Commercial real estate • 1.00 Acre
      C-4 Lexco Est Phase 1, Moriarty, NM 87035
      View Details
    • Value Estimation by Request
      1.43 Acres

      & Poplar Central Ave

      Land • 1.43 Acres
      & Poplar Central Ave, Moriarty, NM 87035
      View Details
    • Value Estimation by Request

      Moriarty, NM 87035

      COMMERCIAL (GENERAL)
      Moriarty, NM 87035
      View Details
    • Value Estimation by Request
      0.26 Acres

      100 Columbia Ave

      COMMERCIAL (GENERAL) • 0.26 Acres
      100 Columbia Ave, Moriarty, NM 87035
      View Details

    Similar Nearby for Sale

    • $50,000
      1.00 Acre

      Moriarty Commercial Lot - Route 66

      Prime Route 66 commercial land, ready to build.
      C-4 Lexco Est Phase 1, Moriarty, NM 87035
      View Details
    • $2,559,000

      Historic Route 66 Motel

      18-room motel on Route 66 with film production income.
      501 Rte 66 U.S, Moriarty, NM 87035
      View Details
    • $40,000

      Commercial Land Ready For Development

      Commercial land for sale with utilities and freeway visibility.
      4 Garland Dr, Moriarty, NM 87035
      View Details
    • $50,000
      2.73 Acres

      Land in Moriarty, New Mexico

      2.73 acre land parcel available in Moriarty, New Mexico.
      40 Sunset Rd, Moriarty, NM 87035
      View Details
    • $42,500
      5.00 Acres

      Land in Deer Valley Subdivision

      Two 5-acre lots available in Moriarty, New Mexico.
      68 Casper Ct, Moriarty, NM 87035
      View Details
    • $400,000
      4.49 Acres

      Commercial Land in Moriarty, NM

      4.49 acre commercial highway front property in Moriarty, New Mexico.
      Abrahames Rd, Moriarty, NM 87035
      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.
    C-15 Lexco Est Phase 1
    Moriarty, NM 87035
    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

    C-15 Lexco Est Phase 1, Moriarty, NM, 87035

    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!