1124 Hwy 48, Alto, NM, 88312
About This Home
Prime commercial property located on the highly visible corner of Highway 48 and Enchanted Forest Loop. This lot is just over a half an acre with a versatile metal building featuring four overhead doors, a half bath, ample parking, and additional room for future expansion. The property also includes extra storage space, an air compressor, and an RV hookup, providing added functionality for a variety of business uses. Utilities include public water service and a private septic system. With its strategic location, flexible layout, and room to grow, this commercial property offers endless possibilities for business, storage, service operations, retail, or investment purposes.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Other
Interior
Interior Area
- Total structure area: 1,000
- Total interior livable area: 1,000 sqft
Property
Lot
- Lot size: 0.55 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Wildfire
- Lightning
- Winter Weather
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Lincoln County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,264 | $15,168 |
| Home Insurance * | $88 | $1,056 |
| Property Taxes | $112 | $1,344 |
| Electricity | $148 | $1,780 |
| Total | $1,612 | $19,344 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-03 | Listed for sale | $250,000 |
| 2016-03-21 | Sold | -- |
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