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    Property profile & analytics

    1120 New Mexico 202 Texico, NM 88135

    • Commercial real estate
    • 1,400 SF
    • 46.14 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 23, 2024
    Location Intelligence
    Property ID
    US61-0990740
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1120 New Mexico 202

    Lot size
    46.14 lot acres
    Property size
    1,400 SF
    Property type
    Commercial real estate
    APN
    400001000400911
    APU
    400001000400911

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Texico
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.064
    Latitude
    34.2448
    CBSA code
    38780
    CBSA name
    PORTALES, NM MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,689
    $28,579
    $45,286
    $73,865
    -
    $85,736
    $135,858
    $221,594

    Comparable in this City

    • Value Estimation by Request
      246.00 Acres

      451 Crk 10 Rd

      Distribution properties • 246.00 Acres
      451 Crk 10 Rd, Bellview, NM 88135
      View Details
    • Value Estimation by Request
      3,069 SF

      1400 Wheeler Ave

      Commercial real estate • 3,069 SF
      1400 Wheeler Ave, Texico, NM 88135
      View Details
    • Value Estimation by Request

      106 State St

      Hotels
      106 State St, Texico, NM 88135
      View Details
    • Value Estimation by Request
      640.00 Acres

      77 State Rd

      Farms • 640.00 Acres
      77 State Rd, Texico, NM 88135
      View Details
    • Value Estimation by Request

      800A Wheeler Ave

      Land
      800A Wheeler Ave, Texico, NM 88135
      View Details

    Similar Nearby for Sale

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      Unimproved land with highway frontage near Texas/New Mexico border.
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    • $97,000

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      NM/TX Border Motel, Redevelopment Potential
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      30 acres of land suitable for housing development.
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      Land on Main Highway

      Unimproved land on main highway in Texico, New Mexico.
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    • $400,000
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      Land For Sale, Texico, NM

      1.809 acre land parcel in Texico, New Mexico.
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    1120 New Mexico 202
    Texico, NM 88135
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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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