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    Caballo, NM
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    Caballo, NM Commercial Real Estate for Sale

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    Truth Or Consequences, NM Garfield, NM Elephant Butte, NM
    RV Park and Store
    $475,000
    2.50 Acres
    RV Park and Store

    14422 Highway 187, Caballo, NM 87931

    RV park and store near Caballo Lake with income potential.
    • Established RV park with 14 full hookup spots and 4 dry dock storage spaces.
    • Includes a store with walk‑in coolers, bathroom, refrigerated air, central heating, and conversion potential.
    • Features a mobile home suitable for living or renting, with upgraded yards.
    • Located minutes from Caballo Lake and close to other recreational areas.
    • Property includes 2 carports and sits on over 2 acres with numerous trees and a drip system.
    Updated: Dec 12, 2025
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    Farmland with Water Rights
    $40,000
    2.76 Acres
    Farmland with Water Rights

    Hwy 187, Caballo, NM 87931

    A rural parcel with valuable water rights, offering flexibility for farming, a small farm, or a residential build.
    • 2.67‑acre farmland parcel with 1.81 acres of valuable water rights
    • Water source: well
    • Conveniently located just off Highway 187 with easy access to I‑25
    Updated: Jun 2
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Caballo, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Use Property in Garfield, NM
    $140,000
    1.20 Acres
    Multi-Use Property in Garfield, NM

    Versatile property suitable for residential, multi-family, and commercial use.

    8835 Highway 187, Garfield, NM 87936

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    Mixed-Use Property in Garfield, NM
    $140,000
    1.20 Acres
    Mixed-Use Property in Garfield, NM

    Multi-family and commercial property near school and interstate access.

    8835 Highway 187, Garfield, NM 87936

    View details
    Dollar General Investment Opportunity
    $1,610,000
    10,640 SF
    Dollar General Investment Opportunity

    Dollar General in Truth or Consequences, New Mexico for sale.

    971 S Broadway St, Truth Or Consequences, NM 87901

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    Commercial Land on South Broadway
    $80,500
    1.34 Acres
    Commercial Land on South Broadway

    1.34 acre commercial property with high visibility and traffic.

    S Broadway Street, Truth Or Consequences, NM 87901

    View details

    Off-Market Properties in Caballo, NM

    Consider similar Off-Market properties in Caballo, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    14525 Hwy 187 Hwy
    Specialty properties
    Lot: 2.40 Acres
    Value Estimation by Request

    14525 Hwy 187 Hwy, Caballo, NM 87931

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    14148 Nm-187
    Self storage facilities
    367,646 SF Lot: 8.44 Acres
    Value Estimation by Request

    14148 Nm-187, Caballo, NM 87931

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    Caballo, NM 87931
    COMMERCIAL (GENERAL)
    Value Estimation by Request

    Caballo, NM 87931

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    Caballo, NM 87931
    COMMERCIAL (GENERAL)
    Value Estimation by Request

    Caballo, NM 87931

    View details

    Caballo, NM Commercial Real Estate Market Trends and Statistics

    Explore 6 commercial real estate for sale in Caballo, NM on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $515,000.

    Sale prices for business properties in Caballo, NM start at $40,000, averaging $257,500, and reaching up to $475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 512
    Population Growth (5Y) -33.3%
    College Educated 41.4%

    High-Yield Neighborhoods for Investment

    Identify Caballo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    87931 $475K

    Listings Trend

    New vs delisted commercial listings in Sierra County

    New Delisted

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