Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3635 Lot 79 Rd Aztec, NM 87410

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3635 Lot 79 Rd

    Property type
    Land

    Description

    This exceptional 0 square foot lot, identified as LOT 79 ROAD 3635 in Aztec, New Mexico, presents a unique opportunity for building a custom home. Located in San Juan County within a covenanted subdivision, this property boasts incredible views of the La Plata Mountains. The lot is situated in a desirable area known for its abundant wildlife, including deer, and the stunning beauty of the Southwest's natural habitat. The subdivision features paved streets and some underground utilities are already in place. Homes in the community utilize natural gas, community water, and septic systems. Importantly, there are no homeowner's association fees (NO HOA). Site-built homes are the only permitted construction type, and restrictive covenants apply. The property is listed at $54,900 and is located at the address specified, with the zip code 87410. Buyers should be aware of and review all applicable covenants and restrictions before purchase. This is an ideal location for those seeking a peaceful, natural setting with convenient access to community amenities. The lot's precise dimensions are not specified in the provided information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.088
    Latitude
    36.7844

    Comparable in this City

    • Value Estimation by Request

      116 Lots Rd

      Land
      116 Lots Rd, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      26342 Lot 7D Rd

      Land
      26342 Lot 7D Rd, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      37 Ancient Trails Cir

      Land
      37 Ancient Trails Cir, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      Xx Little Rabbit Dr

      Land
      0 Xx Little Rabbit Dr, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      2394 - R4009418 Lot 1C Rd

      Land
      2394 - R4009418 Lot 1C Rd, Aztec, NM 87410
      View Details
    • Value Estimation by Request

      Main Ave

      Land
      0 Main Ave, Aztec, NM 87410
      View Details

    Similar Nearby for Sale

    • $35,000

      Aztec, NM Land - $35K

      Build Your Dream Home in Pioneer Heights!
      0 Xx Jaquez Dr, Aztec, NM 87410
      View Details
    • $35,000

      Aztec, NM Land: Build Your Dream

      Prime 0.087-acre lot in Pioneer Heights. Perfect for custom home building.
      0 Y Jaquez Dr, Aztec, NM 87410
      View Details
    • $45,000
      5.08 Acres

      5 Acres Land Near Aztec

      5+ acre lot bordering BLM land, between Aztec and Cedar Hill.
      16462 Us 550, Aztec, NM 87410
      View Details
    • $85,000

      Aztec, NM Land - $85K

      Secluded NM land, buildable, great views.
      0 Xx Nm 574, Aztec, NM 87410
      View Details
    • $550,000

      Aztec Boulevard Commercial Land

      High-visibility lot, 87,120 sq ft
      0 Xx Aztec Blvd, Aztec, NM 87410
      View Details
    • $55,000

      Aztec, NM Land - $55K

      Buildable lot with mountain views.
      0 Lot 3C1 Rd 2394, Aztec, NM 87410
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Main Avenue Land Parcel

      Build Your Dream Project Here
      0 Main Ave, Aztec, NM 87410
      View Details
    • Contact for pricing

      Prime Development Land, Road 3150

      Build Your Dream Project Today!
      79 Road 3150, Aztec, NM 87410
      View Details
    • $4 SF/Yr
      4,690 SF

      Aztec, NM Commercial Land Opportunity

      Prime 4,690 sq ft Commercial Lot
      118 Chaco St, Aztec, NM 87410
      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.
    3635 Lot 79 Rd
    Aztec, NM 87410
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.