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    Property profile & analytics

    406 2nd St Capitan, NM 88316

    • Commercial real estate
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Last Sale
    Sep 28, 2022
    Location Intelligence
    Property ID
    US61-1157806
    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 406 2nd St

    Lot size
    0.73 lot acres
    Property type
    Commercial real estate
    APN
    4-077-050-350-158
    APU
    4077050350158

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Capitan
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.579
    Latitude
    33.5449
    CBSA code
    40760
    CBSA name
    RUIDOSO, NM MICROPOLITAN 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
    $2,247
    $10,393
    $98,524
    $108,917
    -
    $31,179
    $295,572
    $326,751

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      1106 Ave

      Land • 1,320 SF
      1106 Ave, Carrizozo, NM 88316
      View Details
    • Value Estimation by Request
      980 SF

      Capitan, NM 88316

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      Capitan, NM 88316
      View Details
    • Value Estimation by Request
      456 SF

      Capitan, NM 88316

      MOBILE HOME PARK, TRAILER PARK • 456 SF
      Capitan, NM 88316
      View Details
    • Value Estimation by Request
      1,440 SF

      Friedenbloom Dr

      MOBILE HOME PARK, TRAILER PARK • 1,440 SF
      Friedenbloom Dr, Capitan, NM 88316
      View Details
    • Value Estimation by Request
      3,400 SF

      553 Nm-48

      Churches & religious facilities • 3,400 SF
      553 Nm-48, Capitan, NM 88316
      View Details
    • Value Estimation by Request
      285.70 Acres

      246 Capitan

      Farms • 285.70 Acres
      246 Capitan, Capitan, NM 88316
      View Details

    Similar Nearby for Sale

    • $269,000
      3,400 SF

      Capitan Church - $269,000

      Versatile 3,400 sq ft church building on 1.2 acres.
      553 Nm-48, Capitan, NM 88316
      View Details
    • $1,800,000
      285.68 Acres

      Capitan Ranch: 285 Acres

      Prime NM Ranch Land, Stunning Views
      0 Tbd 246 Hwy, Capitan, NM 88316
      View Details
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    406 2nd St
    Capitan, NM 88316
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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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