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    64 Private Dr, Unit 1038A Velarde, NM 87582

    For Sale
    $999,000

    Farm - Velarde, NM

    Type:Farm
    Property size:
    2,000 SF
    Lot size:
    7.50 Acres
    Days on Market:
    125
    Last Refresh:
    Dec 9 at 5:06 pm

    Property Features for 64 Private Dr

    General Information

    Property type
    Other
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    1049130500050
    Interior features
    No Interior Steps
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    2,000 SF
    Lot size
    7.50 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Private, Well
    Water front features
    River Access, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Realty One Enchanted Circle (505) 883-9400

    Listing agent Irene Cordova (505) 883-9400

    Listing date Aug 7, 2025

    MLS# 202403646 Listing URL

    Copyright © 2025 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.

    Overview

    Hydroponic Farm with Riverfrontage

    Located on a private 7.5-acre parcel at the end of Private Drive 1038A in Velarde, New Mexico, this property features an approximate 2,000 square foot manufactured home and a hydroponic farm. Bordered by approximately 250 feet of riverfront property along the Rio Grande River, the farm has a history of producing tomatoes, cucumbers, basil, and lettuce. The current soilless culture in Bato buckets can be adapted to soil if desired. The property includes three greenhouses, totaling approximately 16,000 square feet of grow area, with fully automated environment and irrigation systems. A fully insulated, temperature-controlled warehouse/garage houses the water supply, filtration, and distribution systems. Additional features include a Kohler 125Kw fully automated emergency backup generator, a 5100-gallon emergency water storage tank, and over 1200 sq ft of dry storage. The property also has Wadsworth seed environmental controls with remote control and monitoring. It has been used for vegetables, herbs, flowers and cannabis. Water rights in the amount of 3.97-acre feet annually are included. This property is suitable for investment, a gentleman's/gentlewomen's farm, or horse property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Velarde
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.019477
    Latitude
    36.132973

    FAQs

    What type of property is this?
    Farm - 7.5-acre hydroponic farm with 2,000 sq ft home.
    Where is this farm located?
    The property is located at 64 Private Dr, Unit 1038A Velarde, NM.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Approximately 7.5 acres of private land with **250 feet of Rio Grande River frontage.**; - **Established hydroponic farm with three greenhouses totaling approximately 16,000 sq ft of grow area and automated environmental controls.**; - Water rights in the amount of 3.97-acre feet annually.
    (505) 883-9400
    Request Owner's contact information
    64 Private Dr, Unit 1038A Velarde, NM 87582
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    Velarde, NM 87582
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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
    64 Private Dr, Unit 1038A Velarde, NM 87582
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