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    6 Chato Trl Mountainair, NM 87036

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

    Current Use by Public Records

    • Land

    Property Details for 6 Chato Trl

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 20-acre property, located at 6 Chato Trail in the gated Deer Canyon Preserve, Mountainair, NM 87036, offers breathtaking views of the surrounding mountains and mesas. The land encompasses 871,200 square feet and is classified as both a farm and ranch. Situated in Torrance County, this property presents a unique opportunity to build a dream home in a tranquil setting. The gated community provides a secure and private environment, while also offering access to numerous horse and hiking trails. The expansive acreage provides ample space for various outdoor activities and the potential for equestrian pursuits. The property's location within the preserve ensures abundant open space and stunning natural beauty. This is an ideal location for those seeking a peaceful retreat with easy access to outdoor recreation. The asking price for this remarkable property is $27,000. Utilities are not specified and will need to be verified by the buyer. This is a rare opportunity to own a piece of New Mexico's captivating landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mountainair
    County
    Torrance
    State
    New Mexico
    Longitude
    -106.28
    Latitude
    34.4228

    Comparable in this City

    • Value Estimation by Request

      Ravine Ln

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      1676 Deer Cyn Trl Trl

      Farms
      1676 Deer Cyn Trl Trl, Mountainair, NM 87036
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      10,355.00 Acres

      122 County Rd B001 Rd

      Farms • 10,355.00 Acres
      122 County Rd B001 Rd, Mountainair, NM 87036
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      210 Of Chupadero Rd

      Farms
      210 Of Chupadero Rd, Abo, NM 87036
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      1696 Deer Cyn Trl

      Farms
      1696 Deer Cyn Trl, Mountainair, NM 87036
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    • Value Estimation by Request
      20.74 Acres

      10 San Miguel Trl

      Land • 20.74 Acres
      10 San Miguel Trl, Mountainair, NM 87036
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    Similar Nearby for Sale

    • $39,900

      Mountainair Ranch: 80 Acres Await

      New Mexico farmland, build your dream.
      0 Ravine Ln, Mountainair, NM 87036
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      20.00 Acres

      20 Acres in Gated Community

      20 acre property in gated community with mountain views.
      1676 Deer Cyn Trl, Mountainair, NM 87036
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    • $58,000
      39.70 Acres

      Mountainair Ranch with Mountain Views

      Almost 40 acres near Cibola National Forest and Manzano State Park.
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      18.54 Acres

      Land in Deer Canyon Preserve

      18-acre property with shared well, electric, and internet access.
      1957 Deer Cyn Trl, Mountainair, NM 87036
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    • $558,600
      798.00 Acres

      Pasture Land in Mountainair, NM

      798 acres of pasture land with mountain views.
      Canta Ranas Rd, Mountainair, NM 87036
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      21.20 Acres

      Mountainair Land with Mountain Views

      21.2 acres in Deer Canyon Preserve with mountain views.
      1747 Deer Cyn Trl, Mountainair, NM 87036
      View Details
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    6 Chato Trl
    Mountainair, NM 87036
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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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