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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Commercial real estate
411 3rd St Raton, NM 87740-4005
Individually Owned
4-yr Hold
Free & Clear
Property ID
US61-0450771
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Total area
4,776 SF
Lot
0.36 ac (15,750 SF)
APN
1-135-185-233-501
UPID
US61-0450771
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Lee C Caruana And Anna C Caruana Fm · 4 yrs held
Lee C Caruana And Anna C Caruana Fm
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$134 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,046
Tax year 2023
Assessed value
$77,521
Assessed 2023
Previous assessed
$74,822
+3.6% YoY
Effective rate
2.64%
On assessed value
Assessed land
$10,500
Assessed improvement
$67,021
Land market value
$31,500
Improvement market value
$201,062
Total market value
$232,562
Applied tax rate
1,105.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
OTHER
Stories
10
Bathrooms
4
Total area
4,776 SF
Lot
0.36 ac (15,750 SF)
APN
1-135-185-233-501
UPID
US61-0450771
Jurisdiction
COLFAX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Heating
OTHER
Stories
10
Bathrooms
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Lee C Caruana And Anna C Caruana Fm
Individual
Free & Clear · 4 yrs held
Mailing address
411 S 3RD ST, RATON, NM 87740-4005
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
The Kids LLC
—
Deed
related
$172,500 · Lee Caruana Etal
Feb 22, 2022
—
Lee C Caruana And Anna C Caruana Fm
Lee C Caruana
Intrafamily Transfer
related
—
Dec 2, 2015
—
Lee C Caruana
Charles Peifer
Special Master Deed
related
$228,417 · Fnb New Mexico
Feb 18, 2010
$72,211
Loop 289 LLC
Judy Silk
Sheriffs Deed
related
—
Dec 23, 2008
—
Gilbert C Aragon
Caruana Lee
Warranty Deed
$165,973 · The First National Bank Of New Mexi
Nov 5, 2007
—
Terri J Segotta
Michelle S Duran
Warranty Deed
$242,239 · The First National Bank Of New Mexi
Jul 20, 2007
—
Judy Silk
National Recreational Properties Of
Special Warranty Deed
$63,045 · National Recreational Properties Of Ange
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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