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    12141 Nm State 14 Cedar Crest, NM 87008
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    12141 Nm State 14 Cedar Crest, NM 87008

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    Property Details for 12141 Nm State 14

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 692,604 square foot property, located at 12141 NM State 14 in Cedar Crest, New Mexico, presents a unique investment opportunity. The land is strategically situated on NM 14, offering excellent visibility and accessibility. The property boasts a dual zoning configuration: approximately 6.249 acres are zoned C-1, providing commercial development potential, while an additional approximately 9.647 acres are zoned A-2, offering flexibility for various uses. A test well was previously drilled and cased on the property, a significant advantage for potential development. The seller is open to considering partial exchanges as part of the transaction. Short-term private financing may be available for qualified buyers. Furthermore, there is potential for the C-1 and A-2 zoned tracts to be sold separately, providing added flexibility for interested parties. The asking price has been adjusted to reflect current market conditions. This property represents a compelling opportunity for investors seeking a versatile industrial land parcel in a desirable New Mexico location. The zip code is 87008, and the property is situated in Bernalillo County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Crest
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.363
    Latitude
    35.1412

    Comparable in this City

    • Value Estimation by Request
      2.87 Acres

      Cedar Crest, NM 87008

      Land • 2.87 Acres
      Cedar Crest, NM 87008
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      13 Pinon Ave Ave

      Farms
      13 Pinon Ave Ave, Cedar Crest, NM 87008
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    • Value Estimation by Request
      180 SF

      12145 Hwy 14

      WAREHOUSE, STORAGE • 180 SF
      12145 Hwy 14, Cedar Crest, NM 87008-9510
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    • Value Estimation by Request
      7,775 SF

      12418 Hwy 14

      WAREHOUSE, STORAGE • 7,775 SF
      12418 Hwy 14, Cedar Crest, NM 87008-9724
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    • Value Estimation by Request
      1,960 SF

      40 Arroyo Seco Rd

      WAREHOUSE, STORAGE • 1,960 SF
      40 Arroyo Seco Rd, Cedar Crest, NM 87008
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    • Value Estimation by Request
      1,200 SF

      12022 Hwy 14

      WAREHOUSE, STORAGE • 1,200 SF
      12022 Hwy 14, Cedar Crest, NM 87008-9405
      View Details

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      Mixed-Use Property with Warehouse

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    Cedar Crest, NM 87008
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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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