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    Lemitar Farm Lemitar, NM 87823

    For Sale
    $380,000

    LAND - Lemitar, NM

    Lot size:
    38.84 Acres
    Days on Market:
    75
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for Lemitar Farm

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    Not Available
    Lot size
    38.84 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Private, Well

    Coldwell Banker Legacy (505) 857-2328 [email protected]

    Listing agent Mary E Saul (505) 480-3342 License #32622

    Listing date Oct 1, 2025

    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

    38+ Acre Farm with Water

    This 38.84-acre farm, located in Lemitar, New Mexico, offers owner financing and is priced for sale. The property includes MRGCD irrigation water rights and features mountain views. A homesite area with power is situated on paved county road 91, just north of the Escondida exit and close to Escondida Lake, with proximity to Socorro and local amenities. The land has been cleared of brush and trees, prepared for leveling and planting, presenting an opportunity for a new owner to design and develop the property according to their specific needs. There are approximately 31 shares of conservancy water rights included.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Lemitar
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.910557
    Latitude
    34.141809

    FAQs

    What type of property is this?
    Farm - 38+ acre farm in Lemitar, NM with water rights.
    Where is this farm located?
    The property is located at Lemitar Farm Lemitar, NM.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: - Owner financing available.; - 38+ acre farm with MRGCD irrigation water rights.; - 31 +/- shares of conservancy water rights.
    (505) 480-3342
    Request Owner's contact information
    Lemitar Farm 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
    Lemitar Farm Lemitar, NM 87823
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