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    5 Chestnut St, Unit unit Tract 1A & 1B Mimbres, NM 88049

    For Sale
    $187,000

    COMMERCIAL - Lake Roberts, NM

    Lot size:
    6.26 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 11 at 9:06 am

    Property Features for 5 Chestnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R080779 & R000971
    Lot size
    6.26 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Needed

    eXp Realty, LLC (505) 554-3873

    Listing agent Lauren Gueswel (505) 554-3873 License #REC-2024-0490

    Listing date Oct 1, 2025

    Copyright © 2025 Silver City Regional 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

    Lake Roberts Commercial Land Parcel

    This 6.26-acre property is located in Lake Roberts. The parcel combines two tracts and is one of the few properties in the Lake Roberts Subdivision designated as commercial in the covenants, and the only parcel allowing horses, up to 5. Sapillo Creek runs through the property. Mature cottonwoods, junipers, willows, and ponderosas are present amid foliage and seasonal wildflowers. The property is suitable for building a home, retreat, or business. A community well is accessible, and power service is available at the property line. Lake Roberts, known for fishing, is one mile away. The property borders Hunt Units 16B and 24. The Lake Roberts General Store is within walking distance.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mimbres
    County
    Grant
    State
    New Mexico
    Longitude
    -108.167827
    Latitude
    33.033065

    Nearby Similar for Sale

    • $500,000
      Pending

      Mimbres Valley Live-Work Resort

      Live and work in paradise. Perfect for retreats and events.
      102 Wilson Rd, Mimbres, NM 88049
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.26-acre commercial property near Lake Roberts with creek and horses.
    Where is this commercial land located?
    The property is located at 5 Chestnut St, Unit unit Tract 1A & 1B Mimbres, NM.
    What is the asking price?
    The asking price for this property is $187,000.
    What are key features of this property?
    This property features: - 6.26-acre property with commercial designation, allows horses.; - Sapillo Creek frontage creates a tranquil and scenic environment.; - Located one mile from Lake Roberts, known for fishing.
    (505) 554-3873
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    5 Chestnut St, Unit unit Tract 1A & 1B Mimbres, NM 88049
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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.

    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
    5 Chestnut St, Unit unit Tract 1A & 1B Mimbres, NM 88049
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