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    2675 S Roosevelt Road 3 Portales, NM 88130

    For Sale
    $812,500

    Ranch - Portales, NM

    Type:Ranch
    Lot size:
    343.14 Acres
    Days on Market:
    200
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 2675 S Roosevelt Road 3

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    400001000167500 & 400001000166800
    Exterior features
    Irregular Lot, Irrigation
    Lot size
    343.14 Acres

    Building Details

    Architectural style
    Ranch

    Buena Vista Realty (575) 226-0671 [email protected]

    Listing agent Eldon Merrick (575) 226-0671

    Listing date May 28, 2025

    MLS# 20253034 Listing URL

    Copyright © 2025 New Mexico 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

    Productive Farm with Irrigated Cropland

    This productive farm, located in Portales, New Mexico, offers a versatile agricultural opportunity with 343.14 acres. The property includes 215.49 acres of irrigated cropland across two circles. The planting consists of half alfalfa and half wheat/rye, suitable for grazing and green chop silage. The first circle contains 97.08 irrigated acres and a 2024 model Valley center pivot, accompanied by 40.89 acres of dryland corners. The second circle features 118.41 irrigated acres with a 1995 Lockwood center pivot, along with 86.76 acres of dryland corners and additional grassland to the south. The farm is equipped with efficient irrigation systems. The diverse planting supports hay production, grazing, and forage. The property also includes grassland.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.488690439
    Latitude
    34.214165046

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    FAQs

    What type of property is this?
    Farm - Versatile farm with irrigated cropland, dryland, and grassland.
    Where is this farm located?
    The property is located at 2675 S Roosevelt Road 3 Portales, NM.
    What is the asking price?
    The asking price for this property is $812,500.
    What are key features of this property?
    This property features: - 215.49 acres of irrigated cropland ideal for hay, grazing, and forage; - Two center pivot irrigation systems (2024 Valley and 1995 Lockwood); - Diverse planting: alfalfa and wheat/rye mix
    (575) 226-0671
    Request Owner's contact information
    2675 S Roosevelt Road 3 Portales, NM 88130
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    Portales, NM 88130
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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

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    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.

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    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
    2675 S Roosevelt Road 3 Portales, NM 88130
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