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    Property profile & analytics

    21 Jack Mcclellan Dr Roswell, NM 88201

    • Commercial real estate
    For Sale
    View listing
    $99,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0462939
    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 21 Jack Mcclellan Dr

    Property type
    Commercial real estate

    Description

    This exceptional 30,672 square foot vacant lot presents a rare opportunity to build your dream home in a highly desirable Northwest Roswell location. Situated within a gated community directly adjacent to the New Mexico Military Institute golf course, this property offers unparalleled tranquility and stunning views. Imagine enjoying the peaceful ambiance of a tranquil fountain and lush greenery from your future home's windows. The oversized lot provides ample space for a substantial residence and landscaping, allowing you to create your ideal oasis. This prestigious neighborhood is known for its exclusivity and desirable location. The property is subject to Homeowners Association (HOA) regulations and covenants, ensuring the maintenance of the community's high standards. Located at 21 Jack Mc Clellan Drive, Roswell, NM 88201, this lot is priced at $99,000 and offers a unique chance to own a piece of paradise in one of Roswell's most sought-after communities. Don't miss this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.53943
    Latitude
    33.420899

    Comparable in this City

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    • $125,000
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      Roswell Land For Sale

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      Roswell Land: Prime Development Site

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      Roswell Commercial Land - 1.37 Acres

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    Similar Nearby for Sale

    • $500,000
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      Roswell Land: 79 Acres Prime Location

      79 Acres, Roswell, NM - Development Opportunity
      0000 Sycamore Ave, Roswell, NM 88201
      View Details
    • $324,900
      1.60 Acres

      Roswell Commercial Land - $324,900

      1.6-Acre Commercial Lot, Prime Location
      00 19Th St, Roswell, NM 88201-0000
      View Details
    • $125,000
      0.48 Acres

      Roswell Land For Sale

      Commercial land available in Roswell, New Mexico.
      103 N Delaware Ave, Roswell, NM 88201
      View Details
    • $65,000
      20.15 Acres

      20.15 Acres in Roswell, NM

      Undeveloped 20.15-acre land parcel northwest of Roswell, NM.
      Piedra Grande, Roswell, NM 88201
      View Details
    • $350,000
      29.52 Acres

      Roswell Land: 29 Acres Hwy 70 Access

      Prime Roswell acreage, Highway 70 access. Ideal for development.
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    • $115,000

      17 Jack Mcclellan Drive

      Land
      17 Jack Mcclellan Dr, Roswell, NM 88201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Central Location

      Highly visible commercial land available for ground lease or build-to-suit.
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      Roswell Retail Center Opportunity

      Prime Roswell location, 10,194 sqft, 3 spaces available.
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      334,516 SF

      Roswell Mall Retail Space Available

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      919 SF

      Roswell Restaurant with Drive-Thru

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      Retail Space on Signalized Corner

      Retail property suitable for fast food or financial institution.
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      2,632 SF

      Roswell Mall Retail Space

      Retail space available within the Roswell Mall.
      4501 N Main St, Roswell, NM 88201
      View Details
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    Roswell, NM 88201
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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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