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    Property profile & analytics

    720 Luna Dr Chaparral, NM 88081-7612

    • Specialty properties
    • 2,500 SF
    • 1.92 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 14, 2023
    Location Intelligence
    Property ID
    US61-0473036
    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

    • Specialty properties

    Property Details for 720 Luna Dr

    Year built
    1999
    Lot size
    1.92 lot acres
    Property size
    2,500 SF
    Property type
    Specialty properties
    APN
    16N4031154073229
    APU
    16N4031154073229

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chaparral
    County
    Otero
    State
    New Mexico
    Longitude
    -106.375
    Latitude
    32.0312
    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
    $947
    $27,878
    $37,758
    $65,636
    -
    $83,635
    $113,273
    $196,908

    Comparable in this City

    • Value Estimation by Request
      4,379 SF

      529 Salome Dr

      DAY CARE, PRE-SCHOOL • 4,379 SF
      529 Salome Dr, Chaparral, NM 88081-7870
      View Details
    • Value Estimation
      $415,000
      3,496 SF

      505 Luna Azul Dr

      DAY CARE, PRE-SCHOOL • 3,496 SF
      505 Luna Azul Dr, Chaparral, NM 88081-7814
      View Details
    • Value Estimation by Request
      4.85 Acres

      354 County Rd A074

      PARKING GARAGE, PARKING STRUCTURE • 4.85 Acres
      354 County Rd A074, Chaparral, NM 88081
      View Details
    • Value Estimation by Request
      3,000 SF

      216 Calle Del Norte

      WAREHOUSE, STORAGE • 3,000 SF
      216 Calle Del Norte, Chaparral, NM 88081-7512
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    • Value Estimation by Request
      1.38 Acres

      2060 Green Tree Loop

      Land • 1.38 Acres
      2060 Green Tree Loop, Chaparral, NM 88081
      View Details
    • Value Estimation
      $330,000
      3,200 SF

      431 Mccombs Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      431 Mccombs Rd, Chaparral, NM 88081-7940
      View Details

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    720 Luna Dr
    Chaparral, NM 88081-7612
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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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