158-Acre Albuquerque Land
For Sale
$10,990,000
3931 Anderson Farm Dr. SW, Albuquerque, NM 87105
LAND - Albuquerque, NM
Property SizeContact for details
Lot Size158.00 Acres
Days on Market729
Property Features for 3931 Anderson Farm Dr. SW
General Information
Property type
Land
Property subtype
Other
Zoning description
Agricultural
Lot features
Views
Elementary school
Bernalillo Elementary
Middle school
Bernalillo Middle School
High school
Albuquerque High
Directions
The Old Tobacco Farm is located in the Valley Farms area of Albuquerque, south of the city center, south of I-40, and West of I-25 near the intersection of two major thoroughfares, Coors Boulevard and Rio Bravo. Santa Fe, New Mexico, is an hour's drive to the north via I-25. In Albuquerque, from the intersection of Rio Bravo and Coors Boulevard, go south on Coors to LasEstancias Drive SW, turn east, and proceed a couple of h undred yards to the property gate.
Standard status
Active
APN
1-011-053-105198-3-02-17
Lot size
158.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Extensive Legal Description
Tax Annual Amount
1147
Legal Description
Extensive Legal Description
Listing Agency:
Fay Ranches, Inc.
(719) 890-4590
Listed By:
James Vidamour · License #20211
(710) 890-4590
Added: Aug 26, 2024
Changed: Apr 15
Last Checked: Aug 24 at 9:06AM
MLS# 202403616
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the northern part of Albuquerque's Valley Farms area, the 158-acre property known as the Old Tobacco Farm presents a versatile opportunity. The property has an approved Bernalillo County Sector Plan allowing for 450 residential housing units, with a requirement to donate 23 acres to the County for open space. Depending on the buyer's objectives, the property can serve as a ready-to-go residential development project, a land bank opportunity, or an ongoing hay farm operation. The location is positioned in the path of development and urbanization as Albuquerque's density increases. Bernalillo County has endorsed a residential project at this location. Situated off Coors Blvd near the intersection with Rio Bravo, the property is adjacent to a new Walmart Supercenter, theatre complex, and senior living facility. The Old Tobacco Farm was previously a tobacco farm and has since been used for other agricultural purposes, and is currently a productive alfalfa hay farm. The farm has been under the same family's ownership for generations and is now offered for sale. The property can be purchased in different configurations, including a designated 40-acre parcel, the entire parcel west of the Arenal with a county-approved development plan, or 23 acres east of the Arenal separately.
Key Highlights
- Approved Sector Plan: Permits 450 residential units, offering immediate development potential.
- Prime Location: Situated off Coors Blvd near Rio Bravo, adjacent to a Walmart Supercenter, theatre complex, and senior living facility.
- Large Acreage: Substantial 158‑acre property, unique for its size within Albuquerque's Valley Farms area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large Albuquerque land parcel approved for residential development or continued farming.
Where is this residential land & home lot located?
The property is located at 3931 Anderson Farm Dr. SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $10,990,000.
What are key features of this property?
This property features: Approved Sector Plan: Permits 450 residential units, offering immediate development potential.; Prime Location: Situated off Coors Blvd near Rio Bravo, adjacent to a Walmart Supercenter, theatre complex, and senior living facility.; Large Acreage: Substantial 158‑acre property, unique for its size within Albuquerque's Valley Farms area.
