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    22 Road 3085 Aztec, NM 87410
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    Property profile & analytics

    22 Road 3085 Aztec, NM 87410

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    • Small apartment buildings
    Off-Market
    Property ID
    US61-0500059
    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

    • Small apartment buildings

    Property Details for 22 Road 3085

    Property type
    Small apartment buildings

    Description

    This exceptional Aztec, NM investment opportunity presents a four-unit multifamily property, comprising three homes and a mobile home space, all situated on a generous 4.95-acre lot. The property includes a five-bedroom, five-bathroom site-built home with a two-car garage and full handicap accessibility on the first floor. A charming three-bedroom, two-bathroom manufactured home is also included, currently rented, providing immediate income. A second rental property, a cozy two-bedroom, one-bathroom home, further enhances the investment potential. The fourth income stream is generated by a currently rented mobile home space. All three homes are currently generating rental income. Located at 22 Road 3085, Aztec, NM 87410, this property offers significant potential for future development or expansion given its substantial lot size. The asking price for this multifamily investment is $540,000. This property presents a rare opportunity to acquire a well-established, income-producing multifamily asset in a desirable location. The ample land provides room for future expansion or development, adding to the long-term investment value. This is an ideal opportunity for investors seeking a strong return on investment in a stable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0468093
    Latitude
    36.8706976

    Comparable in this City

    • $4,500,000
      107 SF

      Panorama Heights Subdivision Lots

      116 lots in Aztec, NM, with utilities and tenant-owned homes.
      116 Lots Rd, Aztec, NM 87410
      View Details
    • $260,000
      5.00 Acres

      Mobile Home Park in Aztec

      5-acre property with six lots and a two-bedroom mobile home.
      46-48a Road 2598, Aztec, NM 87410
      View Details
    • $3,999,500
      200.00 Acres

      200-Acre Multi-Income Investment Property

      Versatile property with gravel, agriculture, oil/gas, and development potential.
      21 Road 3160, Aztec, NM 87410
      View Details
    • Contact for pricing
      Pending

      Half Acre Mobile Home Lot

      Partially wooded half acre lot with natural gas available.
      Nya Rd 3260, Aztec, NM 87410
      View Details
    • $765,000

      Mixed-Use Building in High-Visibility Location

      Multi-unit property with retail, office, and residential spaces.
      105 W Chaco St, Aztec, NM 87410
      View Details
    • $3,999,500
      200.00 Acres

      200-Acre Multi-Income Investment Property

      Versatile property with gravel, agriculture, oil/gas, and development potential.
      21 Road 3160, Aztec, NM 87410
      View Details

    Similar Nearby for Sale

    • $4,500,000
      107 SF

      Panorama Heights Subdivision Lots

      116 lots in Aztec, NM, with utilities and tenant-owned homes.
      116 Lots Rd, Aztec, NM 87410
      View Details
    • $260,000
      5.00 Acres

      Mobile Home Park in Aztec

      5-acre property with six lots and a two-bedroom mobile home.
      46-48a Road 2598, Aztec, NM 87410
      View Details
    • Contact for pricing
      Pending

      Half Acre Mobile Home Lot

      Partially wooded half acre lot with natural gas available.
      Nya Rd 3260, Aztec, NM 87410
      View Details
    • $3,999,500
      200.00 Acres

      200-Acre Multi-Income Investment Property

      Versatile property with gravel, agriculture, oil/gas, and development potential.
      21 Road 3160, Aztec, NM 87410
      View Details
    • $765,000

      Mixed-Use Building in High-Visibility Location

      Multi-unit property with retail, office, and residential spaces.
      105 W Chaco St, Aztec, NM 87410
      View Details
    • $3,999,500
      200.00 Acres

      200-Acre Multi-Income Investment Property

      Versatile property with gravel, agriculture, oil/gas, and development potential.
      21 Road 3160, Aztec, NM 87410
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for single tenant occupancy.
      S Main Ave, Aztec, NM 87410
      View Details
    • Contact for pricing

      Prime Development Land, Road 3150

      Build Your Dream Project Today!
      79 Road 3150, Aztec, NM 87410
      View Details
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    Aztec, NM 87410
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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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