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    94 Main St Reserve, NM 87830

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 94 Main St

    Year built
    1940
    Property type
    Land

    Description

    This exceptional commercial land parcel, located at 94 Main Street in Reserve, New Mexico, presents a unique investment opportunity. The property boasts a substantial 20,647.44 square foot lot, offering significant frontage on Main Street/Highway 435, a key location in downtown Reserve. While the existing building on the property is currently abandoned and inaccessible, it shows potential for redevelopment. Assessor records indicate a building size of 1152 square feet, however, potential buyers are strongly encouraged to independently verify this measurement. The property also features an unfinished basement/cellar and a small attic, adding to its potential. A notable feature is a stone well on the site, currently monitored by the New Mexico Environment Department for lead levels in the town's water supply. Detailed documentation regarding the well monitoring is available upon request. Built in 1940, this property offers a blank canvas for a variety of commercial ventures, capitalizing on its prime downtown location and substantial lot size. The asking price for this remarkable opportunity is $75,000. Don't miss this chance to acquire a significant piece of Reserve's commercial landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reserve
    County
    Catron
    State
    New Mexico
    Longitude
    -108.713
    Latitude
    33.6765

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      18 Rivers Rd

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    94 Main St
    Reserve, NM 87830
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    Realmo Value Estimation

    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.

    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.

    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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