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    Midway Rd/Ditch Lemitar, NM 87823

    For Sale
    $49,900

    LAND - Lemitar, NM

    Lot size:
    3.59 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for Midway Rd/Ditch

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R006497
    Lot size
    3.59 Acres

    Utilities

    Water source
    Well

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

    Listing agent Frank Andreone (505) 828-1000 License #25713

    Listing date Nov 8, 2025

    MLS# 1094219 Listing URL

    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

    Lemitar, NM Land For Sale

    This 3.59-acre property in Lemitar, New Mexico, is suitable for a mini-farm or home site with garden potential. The land has a history of prior crops and features MRGCD ditch irrigation. Community water may be available. Seller financing is available with a sufficient down payment. Partial trades may be considered.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Lemitar
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.906776
    Latitude
    34.185217

    FAQs

    What type of property is this?
    Farm - 3.59 acres of land suitable for mini-farm or home.
    Where is this farm located?
    The property is located at Midway Rd/Ditch Lemitar, NM.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: - Seller financing available with good down payment.; - MRGCD ditch irrigation for farming/gardening.; - Huge garden potential; prior crop history.
    (505) 828-1000
    Request Owner's contact information
    Midway Rd/Ditch Lemitar, NM 87823
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    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
    Midway Rd/Ditch Lemitar, NM 87823
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