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    Property profile & analytics

    370 Ottawa Rd Hagerman, NM 88232

    • Commercial real estate
    • 5.61 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US61-0862601
    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 370 Ottawa Rd

    Lot size
    5.61 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.61-acre lot presents a unique opportunity to build your dream home in the peaceful Hagerman, New Mexico area. Located at 370 E Ottawa Road, Chaves County, NM 88232 (33.095078, -104.374252), this expansive property offers the perfect blend of tranquility and convenience. The land is ready for immediate development, boasting a recently installed well and readily available electricity, eliminating significant upfront infrastructure costs. Escape the hustle and bustle of city life while still enjoying easy access to local amenities. This property is ideal for those seeking a spacious, private setting to construct their custom home. The 5.61 acres provide ample space for a large home, landscaping, and potential outbuildings. The asking price for this remarkable property is $79,900. Don't miss this chance to own a piece of New Mexico and begin building your future. This is a rare opportunity to acquire a move-in ready lot with essential utilities already in place. Contact us today to learn more and schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hagerman
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.374252
    Latitude
    33.095078

    Comparable in this City

    • $80,000
      5.63 Acres

      Hagerman Land with Utilities

      5.63 acres with electricity and septic system in place.
      488 E Ottawa Rd, Hagerman, NM 88232
      View Details
    • $140,000
      50.70 Acres

      Hagerman, NM Land - 50.7 Acres

      Prime 50.7-acre land parcel in Chaves County.
      264 Chickasaw Rd, Hagerman, NM 88232
      View Details
    • $945,255
      9,289 SF

      602b Argyle St

      Individual retail properties • 9,289 SF
      602b Argyle St, Hagerman, NM 88232
      View Details
    • $177,500
      0.38 Acres

      Hagerman Multi-Unit Income Property

      Multi-unit property in Hagerman, NM with rental income potential.
      400 S Manchester Ave, Hagerman, NM 88232
      View Details

    Similar Nearby for Sale

    • $80,000
      5.63 Acres

      Hagerman Land with Utilities

      5.63 acres with electricity and septic system in place.
      488 E Ottawa Rd, Hagerman, NM 88232
      View Details
    • $140,000
      50.70 Acres

      Hagerman, NM Land - 50.7 Acres

      Prime 50.7-acre land parcel in Chaves County.
      264 Chickasaw Rd, Hagerman, NM 88232
      View Details
    • $945,255
      9,289 SF

      602b Argyle St

      Individual retail properties • 9,289 SF
      602b Argyle St, Hagerman, NM 88232
      View Details
    • $177,500
      0.38 Acres

      Hagerman Multi-Unit Income Property

      Multi-unit property in Hagerman, NM with rental income potential.
      400 S Manchester Ave, Hagerman, NM 88232
      View Details
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    370 Ottawa Rd
    Hagerman, NM 88232
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    Realmo Value Estimation

    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.

    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.

    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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