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    1447 Fatima Rd Socorro, NM 87801
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    Property profile & analytics

    1447 Fatima Rd Socorro, NM 87801

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    • Mobile home & RV parks
    Off-Market
    Property ID
    US61-1019155
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 1447 Fatima Rd

    Property type
    Mobile home & RV parks
    Property subtype
    Residential income homes

    Description

    Exceptional investment opportunity in Socorro, New Mexico, featuring a 10-space mobile home park and a spacious 4-bedroom, 2-bathroom modular home situated on a 3.89-acre lot. The home, built on a permanent foundation, boasts an addition, covered patio, and a 2-car carport, complemented by a newer metal roof, gas furnace, and wood-burning stove. The property is fully fenced, offering privacy and separation between the residential dwelling and the mobile home park. The park itself comprises 10 individually metered spaces, generating a monthly income of $175 per space (90% occupancy). Owner expenses are minimal, limited to a monthly trash dumpster fee of $108. The home offers additional income potential, with an estimated rental value of $1200 per month or a potential sale value of approximately $150,000. The property includes mature fruit trees (apricot, pear, apple, and plum). The park's strong performance yields a 10.28% cap rate and a net operating income (NOI) of $32,900. Average annual property taxes are $1200. This unique property presents multiple investment strategies, allowing for flexibility and potential for significant returns. The asking price for this turnkey investment is $320,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Socorro
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.89742176
    Latitude
    34.08618787

    Comparable in this City

    • $450,000
      4,023 SF

      Historic Multi-Unit Opportunity in Socorro

      Historic multi-unit property with income-producing potential in Socorro, NM.
      303 Eaton Ave, Socorro, NM 87801
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    • $150,000
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      Socorro Land with Rental Income

      4.52-acre investment parcel with utilities and rental income.
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    • $150,000
      10.00 Acres

      Socorro, NM Land Opportunity

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      5.00 Acres

      Land Near Cibola Forest

      Five acre lot with views of Ladron Peak.
      1 Valle De Manana, Socorro, NM 87801
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      6.53 Acres

      Land in Socorro, New Mexico

      Land offering isolation and connection to nature in Socorro, NM.
      19 Block 9, Socorro, NM 87801
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      Commercial Pad Sites in Socorro

      Commercial pad sites in Socorro's commercial district, near I-25.
      700 6Th St, Socorro, NM 87801
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    Similar Nearby for Sale

    • $450,000
      4,023 SF

      Historic Multi-Unit Opportunity in Socorro

      Historic multi-unit property with income-producing potential in Socorro, NM.
      303 Eaton Ave, Socorro, NM 87801
      View Details
    • $150,000
      4.52 Acres

      Socorro Land with Rental Income

      4.52-acre investment parcel with utilities and rental income.
      1208 Cuba Rd, Socorro, NM 87801
      View Details
    • $150,000
      10.00 Acres

      Socorro, NM Land Opportunity

      10 acre commercial land for sale in Socorro, NM.
      El Camino Real St, Socorro, NM 87801
      View Details
    • Contact for pricing
      5.00 Acres

      Land Near Cibola Forest

      Five acre lot with views of Ladron Peak.
      1 Valle De Manana, Socorro, NM 87801
      View Details
    • Contact for pricing
      6.53 Acres

      Land in Socorro, New Mexico

      Land offering isolation and connection to nature in Socorro, NM.
      19 Block 9, Socorro, NM 87801
      View Details
    • Contact for pricing

      Commercial Pad Sites in Socorro

      Commercial pad sites in Socorro's commercial district, near I-25.
      700 6Th St, Socorro, NM 87801
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr

      Retail Showroom in Socorro

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    • $11,667 /Mo

      Retail Building on N. California

      7,000 SF retail building for lease in Socorro, NM.
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    Socorro, NM 87801
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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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