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    Hernandez, NM
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    Hernandez, NM Land for Sale

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    Espanola, NM Chamita, NM Ojo Caliente, NM Ohkay Owingeh, NM Abiquiu, NM Medanales, NM La Mesilla, NM Santa Cruz, NM
    Land with Adobe Structure
    Updated: Feb 15
    Land with Adobe Structure

    19378 US 84, Hernandez, NM 87537

    $124,900
    0.62 AC lot
    Flexible financing with owner willing to sell on a Real Estate Contract.
    Spacious 0.62‑acre lot in Northern New Mexico.
    Cleared lot ready for development, including mobile home placement.
    Unique double adobe structure with potential for storage, workshop, or project space.
    Opportunity to invest in land and possibilities.
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    Chama River Frontage Land
    Updated: Sep 30, 2025
    Chama River Frontage Land

    789 County Road 01, Hernandez, NM 87537

    $370,000
    9.88 AC lot
    Approximately 250 feet of Chama River frontage.
    8.95 acre feet of surface irrigation rights from the Hernandez Ditch.
    9.88 acre parcel planted in grass/alfalfa, yielding three cuttings a season.**
    No covenants or restrictions.
    Cleared half‑acre bosque for river access.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Hernandez, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Land Available in Espanola, NM
    Land Available in Espanola, NM

    84/285 Hennigan #Lot B, Espanola, NM 87532

    $225,000
    500,678 sqft 3.21 AC lot

    Land for sale in Espanola, New Mexico.

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    Agricultural Land Parcel Within City Limits
    Agricultural Land Parcel Within City Limits

    CALLE JUAN JOSE VIGIL, Espanola, NM 87532

    $40,000
    0.53 AC lot

    Agricultural land parcel within Espanola city limits with a west boundary along Vigiles ditch.

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    Land Investment Opportunity in Ojo
    Land Investment Opportunity in Ojo

    Vacant Land, Ojo Caliente, NM 98749

    $472,500
    184.94 AC lot

    Large land parcel suitable for residential development or subdivision.

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    Land Investment Opportunity, Ojo Caliente
    Land Investment Opportunity, Ojo Caliente

    Vacant Land, Ojo Caliente, NM 87549

    $270,000
    63.96 AC lot

    Large land parcel suitable for residential development or subdivision.

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    Hernandez, NM Land Market Trends and Statistics

    Explore 2 land for sale in Hernandez, NM on our real estate platform. These investment opportunities span a total of 457,380 square feet of properties for sale, with an estimated market value of $494,900.

    Sale prices for lots in Hernandez, NM start at $124,900, averaging $247,450, and reaching up to $370,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Agricultural land / Farmland 1
    Residential land & home lots 1

    Demographics Overview

    Population 2,030
    Population Growth (5Y) -19.1%
    Median Household Income $40,795
    College Educated 9.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    87537 $247.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.96%
    Property Tax per SF $23.78 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Rio Arriba County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Rio Arriba County

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