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845 Airport Rd, Las Vegas, NM, 87701

1beds
1baths
818sqft
$895,000
$1,094price/sqft
$5,781/moest. monthly cost
$231,240/yrincome needed

About This Home

This Studio Apartment is part of a larger Building. The Studio Apartment is 818 SF, it has a bathroom, kitchen, closet and stairs to the second floor. the First floor has an office, large work space, bathroom, and great outdoor parking for large vehicles and cars. You also have a strip of metal storage spaces. 7.96 acres included! The building is 5,570 SF. Las Vegas, NM 87701. One hour from Santa Fe and 3 hours from the Colorado Boarder. This is great location for high visibily, and a live/work space enviroment.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

3/10
4/10
Memorial MiddleGrades 7-84.0 mi
4/10
Robertson High SchoolGrades 9-124.0 mi

Construction

Condition

  • Year built: 1990

Materials

  • Roof: Pitched,Propanel
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Ranch

Interior

Appliances

  • Appliances included: Cooktop

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Ceiling Fan(s)
  • Flooring: Other

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: Electric

Interior Area

  • Total structure area: 818
  • Total interior livable area: 818 sqft

Property

Details

  • Parcel number: 1096097470120

Features

  • Levels: Two
  • Stories: 2
  • Fencing: Front Yard

Lot

  • Lot size: 7.96 Acres
  • Features: Irregular Lot

Parking

  • Total spaces: 2
  • Parking features: No Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather
Drought
Landslide
Strong Wind

FEMA Declared Disasters in San Miguel County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $4,525$54,300
Home Insurance *$758$9,096
Property Taxes $350$4,200
Electricity $148$1,780
Total$5,781$69,372
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$198,205/yr
40% on housing$173,430/yr
45% on housing$154,160/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 10.0%
10.0%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.8%
5.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,094This listing

vs Other Active Listings

Avg $/sqft

ZIP 87701$139
San Miguel County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 87701$149
San Miguel County$215

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

DateEventPrice
2026-02-16Listed for sale$895,000

For Sale by Agent

AgentKatharine Duke
BrokerageDuke Realty Group

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