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

    Tbd Valencia St St Las Vegas, NM 87701

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

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Valencia St St

    Lot size
    1.20 lot acres
    Property type
    Land

    Description

    This exceptional 1.2-acre commercial lot presents a unique investment opportunity in the heart of Las Vegas, New Mexico's historic Old Town Plaza area. Located at TBD Valencia Street, 87701, this property boasts a prime location within San Miguel County, offering unparalleled access to the city's vibrant cultural scene and established businesses. Zoned C-2 (Central Business District) with a CH (Cultural Historical) Overlay, this land allows for a variety of commercial developments while respecting the area's rich heritage. The C-2 zoning ensures compatibility with the surrounding commercial landscape, while the CH overlay safeguards the historical character of Old Town Plaza. City utilities, including power and telephone, are readily available, simplifying the development process. The 1.2-acre size provides ample space for a substantial project, making it an ideal canvas for entrepreneurs and developers seeking to establish a presence in this desirable location. This property's strategic location and flexible zoning make it a compelling investment prospect with significant potential for future growth and return. The latitude and longitude coordinates are 35.5922141, -105.2297715. Don't miss this chance to acquire a piece of Las Vegas's rich history and vibrant future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.23
    Latitude
    35.5922

    Comparable in this City

    • Value Estimation by Request

      1133 Grand Ave

      Retail properties
      1133 Grand Ave, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request
      1.00 Acre

      4 Grand Ave Ave

      Land • 1.00 Acre
      4 Grand Ave Ave, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request

      1130-1104-1106 Grand Ave

      Land
      0 1130-1104-1106 Grand Ave, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request

      1232 8 St Cor

      Land
      1232 8 St Cor, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request
      40.00 Acres

      540 C 24

      Land • 40.00 Acres
      540 C 24, Las Vegas, NM 87701
      View Details
    • Value Estimation by Request
      1.50 Acres

      2-3 Grand Ave

      Land • 1.50 Acres
      2-3 Grand Ave, Las Vegas, NM 87701
      View Details

    Similar Nearby for Sale

    • $790,000
      1.50 Acres

      Prime Las Vegas Commercial Land

      1.5 Acres, $790,000
      2-3 Grand Ave, Las Vegas, NM 87701
      View Details
    • $140,000

      Prime Las Vegas Commercial Land

      16,117 sq ft lot, $140,000
      1232 8 St Cor, Las Vegas, NM 87701
      View Details
    • $215,000

      Las Vegas Commercial Property - $215K

      .82-acre lot, three buildings, high potential.
      1133 Grand Ave, Las Vegas, NM 87701
      View Details
    • $790,000
      1.50 Acres

      Prime Las Vegas, NM Commercial Land

      1.5 Acres, High-Traffic Location, $790,000
      2-3 Grand Ave, Las Vegas, NM 87701
      View Details
    • $500,000
      5.00 Acres

      Prime 5-Acre Commercial Land

      Las Vegas, NM commercial land opportunity.
      20 Nm 518, Las Vegas, NM 87701
      View Details
    • $200,000
      40.00 Acres

      Prime 40-Acre Commercial Land

      Las Vegas, NM commercial land opportunity.
      540 C 24, Las Vegas, NM 87701
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      67,862 SF

      Mills Plaza: Las Vegas Office Space

      High-traffic Las Vegas, NM office suites.
      250 Mills Ave, Las Vegas, NM 87701
      View Details
    • $12 SF/Yr
      17,500 SF

      Downtown Las Vegas Retail/Flex Space

      Retail/flex property in Downtown Las Vegas, near Highlands University.
      804 Douglas Ave, Las Vegas, NM 87701
      View Details
    • Contact for pricing
      1,024 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      2514 7Th St, Las Vegas, NM 87701
      View Details
    • Contact for pricing
      3,688 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      2510 7Th St, Las Vegas, NM 87701
      View Details
    • $12 SF/Yr
      929 SF

      Retail Space Near Walmart

      Retail space available across the street from Walmart Supercenter.
      2500 7Th St, Las Vegas, NM 87701
      View Details
    • Contact for pricing
      8,748 SF

      Las Vegas Retail Space Available

      Retail space for lease in a busy Las Vegas shopping center.
      212-250 Mills Ave, Las Vegas, NM 87701
      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.
    Tbd Valencia St St
    Las Vegas, NM 87701
    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.