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    124 Olive Ln Lemitar, NM 87823

    Pending
    For Sale
    $80,600

    Land - Lemitar, NM

    Lot size:
    4.00 Acres
    Days on Market:
    187
    Last Refresh:
    Dec 14 at 9:06 am

    Property Features for 124 Olive Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Out of MLS Area
    APN
    not available
    Lot size
    4.00 Acres

    Utilities

    Sewer type
    None
    Water source
    Public

    Building Details

    Architectural style
    Other

    Orona Real Estate & Investment Inc. (505) 865-5600 [email protected]

    Listing agent Evelyn L Orona (505) 865-5600 License #13172

    Listing date Jun 11, 2025

    MLS# 1083669 Listing URL

    Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Land in Lemitar, NM

    This property features 4 acres of land situated in the farming community of Lemitar, New Mexico, a short distance from Socorro and Interstate 25. The land offers views of the open skies, mesas, and surrounding farmland. Underground power and city water are available on the property. The land is suitable for a custom home, weekend retreat, or investment.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Restaurant Auto Repair Shop Garden Center Bed & Breakfast Nursing Home Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lemitar
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.905206
    Latitude
    34.175357

    FAQs

    What type of property is this?
    Land - Four acres in Lemitar, NM, suitable for various uses.
    Where is this land located?
    The property is located at 124 Olive Ln Lemitar, NM.
    What is the asking price?
    The asking price for this property is $80,600.
    What are key features of this property?
    This property features: - 4 acres of versatile land in a peaceful farming community.; - Conveniently located minutes from Socorro and I-25.; - Underground power and city water available on the property.
    (505) 865-5600
    Request Owner's contact information
    124 Olive Ln Lemitar, NM 87823
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    124 Olive Ln
    Lemitar, NM 87823
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    Realmo Value Estimation

    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.

    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.

    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
    124 Olive Ln Lemitar, NM 87823
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