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    373 Road 4599 Blanco, NM 87412

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    373 Road 4599 Blanco, NM 87412

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    • Commercial real estate
    Off-Market
    Property ID
    US61-0456159
    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 373 Road 4599

    Property type
    Commercial real estate

    Description

    This exceptional 217,800 square foot land parcel in Blanco, New Mexico, presents a unique opportunity for development. Located at 373 Road 4599, this nearly six-acre property boasts stunning views and is conveniently situated just 15 minutes from Bloomfield and 20 minutes from Navajo Dam. The land is fully fenced, offering privacy and security, and includes existing infrastructure suitable for animal husbandry, featuring a pipe fence and a sheep shed. A large fenced area is already in place, easily adaptable into an arena or other recreational space. Utilities are readily available on-site, including electricity, septic, propane, and community water. This makes it ideal for constructing a manufactured or site-built home. While a green shed and camper are present on the property, they are not included in the sale. The asking price for this remarkable property is $165,000. This is a rare chance to acquire a sizable, well-located lot in San Juan County, New Mexico, with existing infrastructure and breathtaking views. Don't miss this opportunity to build your dream home or develop your ideal project in this desirable location.

    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
    Blanco
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.797802
    Latitude
    36.759033

    Comparable in this City

    • $1,212,500
      48.50 Acres

      48.5 Acres Riverfront Farm Land

      Rare riverfront property with irrigation and fishing on San Juan.
      Xx Rd 4599, Blanco, NM 87412
      View Details
    • $208,000
      40.00 Acres

      40 Acres in Blanco, NM

      40-acre rural parcel with panoramic views bordering BLM land.
      Xx Rd 4440, Blanco, NM 87412
      View Details
    • $232,900
      155.88 Acres

      Land Near Navajo Lake

      Spacious land near Navajo Lake, suitable for residential or recreational.
      539/64 Hwy, Navajo Dam, NM 87412
      View Details

    Similar Nearby for Sale

    • $1,212,500
      48.50 Acres

      48.5 Acres Riverfront Farm Land

      Rare riverfront property with irrigation and fishing on San Juan.
      Xx Rd 4599, Blanco, NM 87412
      View Details
    • $208,000
      40.00 Acres

      40 Acres in Blanco, NM

      40-acre rural parcel with panoramic views bordering BLM land.
      Xx Rd 4440, Blanco, NM 87412
      View Details
    • $232,900
      155.88 Acres

      Land Near Navajo Lake

      Spacious land near Navajo Lake, suitable for residential or recreational.
      539/64 Hwy, Navajo Dam, NM 87412
      View Details
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    373 Road 4599
    Blanco, NM 87412
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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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