Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6985 Us Hwy 5470 La Luz, NM 88337

    • Grocery and convenience stores
    • 1,341 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US61-0835706
    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

    • Grocery and convenience stores

    Property Details for 6985 Us Hwy 5470

    Year built
    1988
    Construction
    METAL FRAME
    Lot size
    1.02 lot acres
    Property size
    1,341 SF
    Property type
    Grocery and convenience stores
    APN
    01O4054091367454
    APU
    01O4054091367454

    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 Luz
    County
    Otero
    State
    New Mexico
    Longitude
    -105.969
    Latitude
    32.9478
    CBSA code
    10460
    CBSA name
    ALAMOGORDO, 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
    $1,426
    $15,121
    $43,583
    $58,704
    -
    $45,364
    $130,750
    $176,114

    Comparable in this City

    • Value Estimation by Request
      5,680 SF

      27 Alamo St

      CONVENIENCE STORE • 5,680 SF
      27 Alamo St, La Luz, NM 88337-9401
      View Details
    • Value Estimation by Request
      812 SF

      7207 Hwy 5470us

      RETAIL STORES (PERSONAL SERVICES) • 812 SF
      7207 Hwy 5470us, La Luz, NM 88337-9560
      View Details
    • Value Estimation by Request
      2,232 SF

      6999 Us Hwy 5470

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      6999 Us Hwy 5470, La Luz, NM 88337
      View Details
    • Value Estimation by Request
      8,200 SF

      30 Ivy Ln

      RETAIL STORES (PERSONAL SERVICES) • 8,200 SF
      30 Ivy Ln, La Luz, NM 88337
      View Details
    • Value Estimation by Request
      3,010 SF

      7207 Hwy 5470us

      RETAIL STORES (PERSONAL SERVICES) • 3,010 SF
      7207 Hwy 5470us, La Luz, NM 88337-9560
      View Details
    • Value Estimation
      $550,000
      8,424 SF

      216 Alamo St

      WHOLESALE OUTLET, DISCOUNT STORE • 8,424 SF
      216 Alamo St, La Luz, NM 88337
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6985 Us Hwy 5470
    La Luz, NM 88337
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.