Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    96 State Road 215, NM

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    96 State Road 215, NM

    View on Map
    • Mobile home & RV parks
    • 952 SF
    Off-Market
    Property ID
    US61-1230898
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 96 State Road

    Year built
    1973
    Property size
    952 SF
    Property type
    Mobile home & RV parks
    APN
    1 000 000 046 506
    APU
    1000000046506

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    215
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.613
    Latitude
    36.886
    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
    2022
    $0.00
    $0.00
    $1,417
    $1,417
    -
    $0.00
    $4,251
    $4,251

    Comparable in this City

    • Value Estimation by Request
      840 SF

      26520 Us Highway

      MOBILE HOME PARK, TRAILER PARK • 840 SF
      26520 Us Highway, 70, NM
      View Details
    • Value Estimation by Request
      1,216 SF

      43 State Road

      MOBILE HOME PARK, TRAILER PARK • 1,216 SF
      43 State Road, 313, NM
      View Details
    • Value Estimation by Request
      1,216 SF

      318 Ave R

      MOBILE HOME PARK, TRAILER PARK • 1,216 SF
      318 Ave R, Rc, NM
      View Details
    • Value Estimation by Request
      500 SF

      Williams Ave

      MOBILE HOME PARK, TRAILER PARK • 500 SF
      Williams Ave, W, NM
      View Details
    • Value Estimation by Request
      1,216 SF

      Ee

      MOBILE HOME PARK, TRAILER PARK • 1,216 SF
      Ee, Frst, NM
      View Details
    • Value Estimation by Request
      385 SF

      Swallow Rd, NM

      MOBILE HOME PARK, TRAILER PARK • 385 SF
      Swallow Rd, NM
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway Frontage Build-Ready Sites

      Commercial land with high visibility and drive-thru permissive zoning.
      Nm-528, Rio Rancho, NM
      View Details
    • $245,000
      371 SF

      Restaurant and Land For Sale

      Restaurant on Route 66 with additional land included.
      503 Central Ave, Moriarty, NM
      View Details
    • Contact for pricing

      Land in Vado, New Mexico

      Land within the 'Borderplex' economic region, near I-10.
      8676 N Frontage Rd, Vado, NM
      View Details
    • Contact for pricing

      Las Cruces Innovation & Industrial Park

      1,700 acre industrial park near Las Cruces International Airport.
      8720 Rocket Dr, Las Cruces, NM
      View Details
    • $1,300,000

      51 Acres Land in Albuquerque

      51 acres of land available in Southwest Mesa, Albuquerque.
      114 St, Albuquerque, NM
      View Details
    • Contact for pricing

      Santa Fe Land for Development

      Land available in growing commercial and residential area near I-25.
      Hernandez Rd, Santa Fe, NM
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Sunland Park

      Land available for rent in Sunland Park, New Mexico.
      6006 Mcnutt Rd, Sunland Park, NM
      View Details
    • Contact for pricing
      2,000 SF

      New Retail Space Near Walmart

      Shell condition retail space in prime location, available June 2025.
      3280-3290 Rinconada Blvd, Aurora, NM
      View Details
    • Contact for pricing
      1,530 SF

      Paraiso Rd Retail/Office Space

      High-visibility retail or office space near North Alameda bike path.
      213 Paraiso Rd, Los Ranchos de Albuquerque, NM
      View Details
    • Contact for pricing

      Land for Lease in Albuquerque

      Commercial land available for lease with high visibility and access.
      St Josephs Dr NW, Albuquerque, NM
      View Details
    • Contact for pricing
      4,700 SF

      Retail Hub in Southwest Albuquerque

      Central hub with national and regional retailers.
      Las Estancias Ct SW, Albuquerque, NM
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      Commercial land available in high-traffic Albuquerque location for lease.
      3115 Avanzando Rd SW, Albuquerque, NM
      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.
    96 State Road
    215, NM
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!