Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    29 Driftwood Pl Roswell, NM 88201

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29 Driftwood Pl Roswell, NM 88201

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US61-0863703
    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 29 Driftwood Pl

    Property type
    Commercial real estate

    Description

    This exceptional 9,350 square foot lot, located at 29 Driftwood Place in Roswell, New Mexico, presents a unique opportunity for building your dream home. Situated in an upcoming subdivision experiencing significant new development, this property offers a convenient and desirable location. The lot is priced affordably at $20,000, making it an attractive investment for those seeking to build in a growing area. Existing infrastructure includes curb and gutter, simplifying the construction process. While some minor site preparation is required, including clearing bushes from the roadway and pouring asphalt, the groundwork is largely complete, saving time and resources. The property's address is 29 Driftwood Place, Roswell, NM 88201, within Chaves County. Its precise coordinates are latitude 33.421725 and longitude -104.480723. This lot represents a fantastic chance to own a piece of land in a thriving community and create a custom-built home tailored to your specific needs and preferences. Don't miss this opportunity to secure your future in a promising Roswell neighborhood.

    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
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.480723
    Latitude
    33.421725

    Comparable in this City

    • $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
    • Contact for pricing
      5,249 SF

      Commercial Property in High-Traffic Area

      Commercial property suitable for redevelopment in a high-traffic location.
      1422 W 2Nd St, Roswell, NM 88201
      View Details
    • Contact for pricing
      0.58 Acres

      Roswell Land For Sale

      Three adjacent lots totaling 0.57 acres in Roswell, NM.
      Ocotillo Ave, Roswell, NM 88201
      View Details
    • $599,000
      318.00 Acres

      Ranchland North of Roswell, NM

      Large parcel of ranchland near Roswell, ideal for livestock.
      Cottonwood Rd, Roswell, NM 88201
      View Details
    • $449,000
      36.96 Acres

      Roswell Land Investment Opportunity

      36.96 acres in Roswell, NM, platted for subdivision.
      4201 N Montana Ave, Roswell, NM 88201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.58 Acres

      Roswell Land For Sale

      Three adjacent lots totaling 0.57 acres in Roswell, NM.
      Ocotillo Ave, Roswell, NM 88201
      View Details
    • $599,000
      318.00 Acres

      Ranchland North of Roswell, NM

      Large parcel of ranchland near Roswell, ideal for livestock.
      Cottonwood Rd, Roswell, NM 88201
      View Details
    • $449,000
      36.96 Acres

      Roswell Land Investment Opportunity

      36.96 acres in Roswell, NM, platted for subdivision.
      4201 N Montana Ave, Roswell, NM 88201
      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

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Central Location

      Highly visible commercial land available for ground lease or build-to-suit.
      2813 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Opportunity

      Retail spaces available within the Roswell Mall complex.
      4501 North Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Located on Main St, near Walmart and Roswell Mall.
      4511 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing
      2,162 SF

      Roswell Retail Space For Rent

      Retail space available in high-traffic Roswell shopping center.
      2801 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Retail Spaces Available

      Retail spaces available for lease in Roswell, New Mexico.
      2901 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Destination

      Retail spaces available in Roswell Mall with national retailers.
      Roswell Mall, Roswell, NM 88201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29 Driftwood Pl
    Roswell, NM 88201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    29 Driftwood Pl, Roswell, NM, 88201

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!