Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2544 Rt. 66 Santa Rosa, NM 88435
    Back to Search
    Property profile & analytics

    2544 Rt. 66, Santa Rosa, NM 88435

    View on Map
    • Retail properties & Spaces
    • 2.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2544 Rt. 66

    Lot size
    2.84 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property offers multiple pad sites totaling 2.835 acres of land in Guadalupe County, New Mexico. Strategically located immediately west of the I-40 off-ramp and directly on Historic Route 66, this site boasts unparalleled visibility and accessibility. Currently, one pad site ranging from one to three acres is available for development. The property's prime location at the intersection of I-40 and Route 84 ensures exceptional visibility for any business. The existing limited quick-service restaurant options in Santa Rosa create a high-demand market with significant potential for growth. This presents a unique opportunity for businesses seeking high-traffic exposure and a strong return on investment. The convenience and accessibility of this location, coupled with the high volume of traffic from I-40 and Route 66, make it an ideal location for a variety of retail uses, including restaurants. This is a rare opportunity to establish a presence in a thriving market with limited competition. The property is zoned for commercial use and is ready for immediate development. Contact us today to learn more about this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Guadalupe
    State
    New Mexico
    Longitude
    -104.645
    Latitude
    34.9484

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      3630 Will Rogers Dr

      Restaurants
      3630 Will Rogers Dr, Santa Rosa, NM 88435
      View Details
    • Value Estimation by Request
      9.78 Acres

      2465 Us Rt. 66 Rte

      Land
      2465 Us Rt. 66 Rte, Santa Rosa, NM 88435
      View Details
    • Value Estimation by Request

      2390 Historic Route 66

      Land
      2390 Historic Route 66, Santa Rosa, NM 88435
      View Details
    • Value Estimation by Request

      3291 Historic Route 66

      Land
      3291 Historic Route 66, Santa Rosa, NM 88435
      View Details
    • Value Estimation by Request

      2475 Historic Route 66

      Motels
      2475 Historic Route 66, Santa Rosa, NM 88435
      View Details
    • Value Estimation by Request
      3,685.50 Acres

      2600 Pajarito Rd Rd

      Farms
      2600 Pajarito Rd Rd, Santa Rosa, NM 88435
      View Details

    Similar Nearby for Sale

    • $59,900
      145.01 Acres

      New Mexico Land with Mountain Views

      145 acres in New Mexico with panoramic mountain views.
      16 Portrillo Crk Rnch, Santa Rosa, NM 88435
      View Details
    • $457,380
      3.44 Acres

      Santa Rosa Hotel Location Land

      3.45 acres between I-40 and Historic Route 66.
      2390 Historic Route 66, Santa Rosa, NM 88435
      View Details
    • $99,900
      186.43 Acres

      Santa Rosa Land For Sale

      186+ acre ranch land near Santa Rosa, New Mexico.
      29 Portrillo Crk Rnch, Santa Rosa, NM 88435
      View Details
    • $653,400
      9.92 Acres

      Santa Rosa Land on Route 66

      9.917 acres on Historic Route 66 with highway frontage.
      2391 Historic Route 66, Santa Rosa, NM 88435
      View Details
    • Contact for pricing

      Land with Highway Access

      Land with excellent visibility and convenient highway access.
      2544 Rte 66 U.S, Santa Rosa, NM 88435
      View Details
    • $300,000
      156.56 Acres

      Off-Grid Cabin on 156 Acres

      Self-sufficient cabin on 156 acres near Santa Rosa, NM.
      4221 Palo Amarillo Rd, Santa Rosa, NM 88435
      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.
    2544 Rt. 66
    Santa Rosa, NM 88435
    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
    2544 Rt. 66, Santa Rosa, NM, 88435
    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!