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    221 Aztec Blvd Aztec, NM 87410
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    221 Aztec Blvd Aztec, NM 87410

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    • Commercial real estate
    • 7.87 lot acres
    For Sale
    $1,250,000
    View Listing →
    Undeveloped Commercial Property in Aztec For Sale
    $1,250,000
    7.87 Acres

    Undeveloped Commercial Property in Aztec

    7.834 acres of commercial land with high traffic count.

    221 W AZTEC Boulevard, Aztec, NM 87410
    View Listing
    Property ID
    US61-0377989
    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

    • Commercial real estate

    Property Details for 221 Aztec Blvd

    Lot size
    7.87 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.87-acre commercial property presents a remarkable investment opportunity in the thriving city of Aztec, New Mexico. Strategically situated on Aztec Boulevard (Highway 516), this undeveloped land boasts exceptional visibility and accessibility due to its high traffic counts and convenient dual ingress/egress points from both east and west. The property's prime location offers unparalleled exposure, placing it in close proximity to established businesses such as AutoZone (adjacent) and across the street from Blake's Lota Burger and Pizza Hut, ensuring high foot traffic and brand recognition. The expansive acreage provides ample space for a wide range of commercial developments, catering to diverse business needs. This blank canvas allows for the creation of a custom-designed commercial project, maximizing the potential for significant return on investment. The possibilities are truly endless, making this a rare and highly desirable opportunity for entrepreneurs and investors seeking a prominent location in a growing market. The property's size and location make it ideal for a variety of commercial uses, from retail and restaurants to office spaces and light industrial facilities. Seize this chance to establish a thriving business in a vibrant community. This is a unique opportunity to acquire a substantial commercial parcel in a high-demand area.

    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
    -107.9964
    Latitude
    36.82659

    Comparable in this City

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    • $129,900

      Aztec Commercial Land - Prime Location

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    • $695,000
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    • $160,000

      Aztec Commercial Land - Three Lots Available

      Prime Aztec location, level lots, paved roads. Buy one, two, or all three.
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    • $205,000

      Aztec Commercial Lot - High Traffic Area

      Prime 1.35-acre corner lot, build-to-suit option.
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    Similar Nearby for Sale

    • $309,000
      1.43 Acres

      Aztec Commercial Land - 1.43 Acres

      Prime Aztec location, ready for development. Nine lots, city utilities.
      450 Llano St, Aztec, NM 87410
      View Details
    • $129,900

      Aztec Commercial Land - Prime Location

      High-traffic corner lot, build-to-suit potential.
      3314 Lot 13 Rd, Aztec, NM 87410
      View Details
    • $464,900

      Aztec Commercial Land - Build to Suit

      Prime commercial lot, high traffic intersection.
      3000 Lot 3C Rd, Aztec, NM 87410
      View Details
    • $695,000
      7,576 SF

      Aztec Commercial Land & Buildings

      76 Acres, Two Buildings, Huge Potential
      49 Road 3150, Aztec, NM 87410
      View Details
    • $160,000

      Aztec Commercial Land - Three Lots Available

      Prime Aztec location, level lots, paved roads. Buy one, two, or all three.
      12E Road 3314, Aztec, NM 87410
      View Details
    • $205,000

      Aztec Commercial Lot - High Traffic Area

      Prime 1.35-acre corner lot, build-to-suit option.
      3000 Lot 2C Rd, 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
    View Listing
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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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