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    2A Camino Del Sol Rd Coruco, NM 87569

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    2A Camino Del Sol Rd Coruco, NM 87569

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    • Land
    • 28.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2A Camino Del Sol Rd

    Lot size
    28.46 lot acres
    Property type
    Land

    Description

    This exceptional 28.46-acre property, located at Tr 2A Camino Del Sol Road in Bernal, New Mexico (zip code 87569), presents a fantastic opportunity for building a custom home or developing a unique project. Situated in San Miguel County, this land boasts breathtaking views of Starvation Peak. The terrain is largely level and naturally landscaped with piñon and juniper trees, providing a picturesque setting. The property includes access to a shared well and power, simplifying the construction process. The expansive acreage offers multiple potential building sites, allowing for flexibility in design and placement. Its convenient location provides easy access to both the vibrant city of Santa Fe and the charming town of Las Vegas, offering the best of both worlds – proximity to urban amenities and the tranquility of rural living. This is an exceptional opportunity to own a substantial piece of land in a desirable New Mexico location. The asking price for this remarkable property is $275,000. Don't miss out on this chance to create your ideal retreat.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coruco
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.383
    Latitude
    35.3789

    Comparable in this City

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      25.00 Acres

      2B Camino Del Sol Rd

      Land • 25.00 Acres
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    • Value Estimation by Request
      5.05 Acres

      5.045 Acres Frontage Rd 2116 Rd

      Land • 5.05 Acres
      0 5.045 Acres Frontage Rd 2116 Rd, Serafina, NM 87569
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    • Value Estimation by Request
      34.06 Acres

      1A Camino Del Sol Rd

      Land • 34.06 Acres
      1A Camino Del Sol Rd, Coruco, NM 87569
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    • Value Estimation by Request
      27.30 Acres

      1B Camino Del Sol Rd

      Land • 27.30 Acres
      1B Camino Del Sol Rd, Coruco, NM 87569
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    • Value Estimation by Request
      3.70 Acres

      Serafina, NM 87569

      COMMERCIAL (GENERAL) • 3.70 Acres
      Serafina, NM 87569
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    • Value Estimation by Request
      1.35 Acres

      3 Camino Del Sol

      COMMERCIAL (GENERAL) • 1.35 Acres
      3 Camino Del Sol, Serafina, NM 87569-8027
      View Details

    Similar Nearby for Sale

    • New
      $199,000
      28.46 Acres

      Land in Bernal, New Mexico

      28+ acre building site with shared well and power.
      2A Camino Del Sol Rd, Bernal, NM 87569
      View Details
    • $89,500
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      Land Near Santa Fe Trail

      3.75 acre land parcel near the historic Santa Fe Trail.
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    • New
      $199,000
      25.00 Acres

      Land in Bernal, New Mexico

      25-acre land parcel suitable for a rural homesite.
      2B Camino Del Sol Rd, Bernal, NM 87569
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    • New
      $199,000
      34.06 Acres

      Bernal, NM Land For Sale

      34.061 acre land parcel in Bernal, New Mexico.
      1A Camino Del Sol Rd, Bernal, NM 87569
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    • New
      $995,000
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      Bernal Mesa Land Parcel

      1,720 acres in Northern New Mexico, including BLM lease.
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    • $795,000
      158.81 Acres

      Bernal, NM Land with Canyon

      158.81 acres of land featuring a private canyon.
      158.81 Ac Cr B27A Rd, Bernal, NM 87569
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    Coruco, NM 87569
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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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    2A Camino Del Sol Rd, Coruco, NM, 87569

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