Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    Xxx Fillmore Rd Deming, NM 88030

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

    Current Use by Public Records

    • Land

    Property Details for 0 Xxx Fillmore Rd

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre land parcel presents a unique opportunity for investors and developers alike. Located on the east side of Deming, New Mexico, in Luna County, this property boasts a desirable location with easy access to the city while still offering the tranquility of the surrounding landscape. The expansive lot provides ample space for a variety of uses, from residential development to recreational pursuits. Imagine building your dream home amidst the wide-open spaces, enjoying the abundant sunshine, and experiencing breathtaking stargazing under exceptionally dark skies. The property's location in Luna County, New Mexico, offers a blend of rural charm and convenient access to urban amenities. The address is XXX Fillmore Road SE, Deming, NM 88030, with GPS coordinates of 32.0406078 latitude and -107.4679547 longitude. This is a remarkable chance to acquire a substantial piece of land in a sought-after area, ideal for those seeking a peaceful retreat or a promising investment. The asking price is $7,500, making this an attractive proposition for those seeking a valuable land acquisition in New Mexico. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Deming
    County
    Luna
    State
    New Mexico
    Longitude
    -107.468
    Latitude
    32.0406

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      3380 Hwy 11 Hwy

      Land • 1.00 Acre
      3380 Hwy 11 Hwy, Deming, NM 88030
      View Details
    • Value Estimation by Request
      27.60 Acres

      Xxxx Maverick Rd

      Land • 27.60 Acres
      0 Xxxx Maverick Rd, Deming, NM 88030
      View Details
    • Value Estimation by Request
      7.38 Acres

      000 Pelayo Rd

      Land • 7.38 Acres
      000 Pelayo Rd, Deming, NM 88030
      View Details
    • Value Estimation by Request

      2265 Ash St

      Multifamily properties
      2265 Ash St, Deming, NM 88030
      View Details
    • Value Estimation by Request
      5.00 Acres

      Flying Diamond Rd

      Land • 5.00 Acres
      0 Flying Diamond Rd, Deming, NM 88030
      View Details
    • Value Estimation by Request
      19.51 Acres

      Xxx Keeler Rd

      Land • 19.51 Acres
      0 Xxx Keeler Rd, Deming, NM 88030
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Deming, NM Buildable Lot

      7,710 sq ft lot, stunning mountain views.
      00000 Gila Ct St, Deming, NM 88030
      View Details
    • $420,000
      140.00 Acres

      140 Acres Deming, NM Land

      Prime desert land, 140 acres, build your dream.
      0 Xxxx Solana Rd, Deming, NM 88030
      View Details
    • Contact for pricing
      1.30 Acres

      Deming, NM Land: 1.3 Acres

      1.3-Acre Lot, Mountain Views, Seller Financing
      6 Lot 12 Rd, Deming, NM 88030
      View Details
    • Contact for pricing

      Deming, NM Land - $26K

      Build Your Dream Home in Deming!
      0 Appaloosa Dr, Deming, NM 88030
      View Details
    • $100,000
      10.27 Acres

      Deming, NM Land - 10 Acres

      Prime 10-acre lot near major highways.
      000 Hwy 418 Hwy, Deming, NM 88030
      View Details
    • Contact for pricing

      Deming, NM Buildable Lot - $11K

      7,100 sq ft lot; mountain views; city utilities.
      000000 Gila Ct St, Deming, NM 88030
      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.
    Xxx Fillmore Rd
    Deming, NM 88030
    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.