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    Property profile & analytics

    491 State Rd 111 La Madera, NM 87539

    • Individual retail properties
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 08, 2024
    Location Intelligence
    Property ID
    US61-1199705
    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

    • Individual retail properties

    Property Details for 491 State Rd 111

    Lot size
    0.24 lot acres
    Property type
    Individual retail properties
    APN
    1 048 147 394 224
    APU
    1048147394224

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Madera
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.041
    Latitude
    36.3841
    CBSA code
    21580
    CBSA name
    ESPANOLA, 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
    $526
    $4,341
    $15,397
    $19,738
    -
    $13,024
    $46,193
    $59,217

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      4 State Rd 519

      VACANT COMMERCIAL LAND • 0.75 Acres
      4 State Rd 519, La Madera, NM 87539-9998
      View Details
    • Value Estimation by Request
      6.00 Acres

      00 .

      Land • 6.00 Acres
      0 00 ., La Madera, NM 87539
      View Details

    Similar Nearby for Sale

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      Tranquil Land in La Madera

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    • $495,000
      Pending

      Secluded Land in La Madera, NM

      622+ acres of pristine high-desert terrain surrounded by public lands.
      554 Nm Hwy, La Madera, NM 87539
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    • $550,000
      37.88 Acres

      Prime Irrigated Farmland in La Madera

      39 acres of fertile, irrigated land between Santa Fe and Taos.
      248 State Rd, La Madera, NM 87539
      View Details
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    491 State Rd 111
    La Madera, NM 87539
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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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