Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3112 Hwy 47 Los Lunas, NM 87031-7528
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3112 Hwy 47 Los Lunas, NM 87031-7528

    View on Map
    • Commercial real estate
    • 50,187 SF
    • 5.10 lot acres
    Off-Market
    Last Sale Nov 19, 2021
    Property ID
    US61-0284870
    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
    $4,045,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3112 Hwy 47

    Year built
    2012
    Lot size
    5.10 lot acres
    Property size
    50,187 SF
    Property type
    Commercial real estate
    APN
    1 010 035 215 365 000000
    APU
    1010035215365000000

    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
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.721
    Latitude
    34.7635
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,857
    $51,000
    $226,967
    $277,967
    -
    $153,000
    $680,902
    $833,902

    Comparable in this City

    • Value Estimation by Request
      0.42 Acres

      2301 Main St

      Land • 0.42 Acres
      2301 Main St, Los Lunas, NM 87031
      View Details
    • Value Estimation by Request
      1.48 Acres

      704 Camelot Blvd

      Land • 1.48 Acres
      704 Camelot Blvd, Los Lunas, NM 87031
      View Details
    • Value Estimation
      $4,060,000
      50,000 SF

      300 Canal SW Blvd

      COMMERCIAL (GENERAL) • 50,000 SF
      300 Canal SW Blvd, Los Lunas, NM 87031-8667
      View Details
    • Value Estimation
      $4,425,000
      52,840 SF

      147 Edeal SE Rd

      COMMERCIAL (GENERAL) • 52,840 SF
      147 Edeal SE Rd, Los Lunas, NM 87031-6739
      View Details
    • Value Estimation
      $2,665,000
      32,878 SF

      12 Vis De Luz

      COMMERCIAL (GENERAL) • 32,878 SF
      12 Vis De Luz, Los Lunas, NM 87031-7218
      View Details
    • Value Estimation by Request
      1.00 Acre

      1802 Main St

      Restaurants • 43,560 SF
      1802 Main St, Los Lunas, NM 87031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.25 Acres

      Land in Los Lunas, NM

      Land with panoramic mountain and Rio Grande Valley views.
      Rio Del Oro, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      0.25 Acres

      Land in Los Lunas, NM

      Land with panoramic mountain and Rio Grande Valley views.
      Rio Del Oro, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      1.25 Acres

      Land in Los Lunas, NM

      1.25 acres of land with mountain and valley views.
      Rio Del Oro, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      0.26 Acres

      Land in Los Lunas, NM

      Land with mountain views in the Rio Grande Valley.
      Rio Del Oro, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      0.25 Acres

      Land with Beautiful Views

      Land for sale in Los Lunas, New Mexico.
      Rio Del Oro, Los Lunas, NM 87031
      View Details
    • Contact for pricing
      0.25 Acres

      Land with Beautiful Views

      Land in Los Lunas, NM, with scenic views.
      Rio Del Oro, Los Lunas, NM 87031
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Los Lunas Commercial Land Available

      Centrally located land with high traffic and excellent visibility.
      Seq Main St & Los Lentes Rd, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Land For Rent

      Land available for single tenant in Los Lunas.
      2301 Main St NE, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Retail Suites in Los Lunas

      Retail suites available for lease in a vibrant shopping center.
      1400 Main St NW, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for single tenant lease.
      Nwq I-25 & Nm Hwy 6, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Los Lunas Retail Center Space

      Retail space available in a busy Los Lunas shopping center.
      2510 Main St NE, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Land for Lease in Los Lunas

      Land available for lease in Los Lunas, New Mexico.
      6 And Los Morros, Los Lunas, NM 87031
      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.
    3112 Hwy 47
    Los Lunas, NM 87031-7528
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!