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    Multiple Parcels Olive Ln Lemitar, NM 87823

    For Sale
    $280,000

    LAND - Lemitar, NM

    Lot size:
    57.45 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for Multiple Parcels Olive Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    See Listing Remarks
    Lot size
    57.45 Acres

    Keller Williams Realty (505) 897-1100 [email protected]

    Listing agent Jonathan P Tenorio (505) 410-8568 License #50026

    Listing date Oct 31, 2025

    MLS# 1088243 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

    Serene Land in Lemitar, NM

    This property features 57.45 acres of land in Lemitar, New Mexico, comprising 11 combined parcels. The acreage was previously a green chile farm. The flexible acreage is suitable for diversified crops, specialty organics, orchards, or a private ranch retreat. Annual Middle Rio Grande Conservancy District water banking arrangements have supported irrigation, offering a path to sustainable future cultivation.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Lemitar
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.902
    Latitude
    34.1583

    FAQs

    What type of property is this?
    Farm - 57.45 acres in Lemitar, NM, ready for your vision.
    Where is this farm located?
    The property is located at Multiple Parcels Olive Ln Lemitar, NM.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - 57.45 acres of land offering ample space.; - Irrigation water rights supported by annual Middle Rio Grande Conservancy District water banking arrangements.; - Fertile land, previously a successful green chile farm.
    (505) 410-8568
    Request Owner's contact information
    Multiple Parcels Olive Ln 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
    Multiple Parcels Olive Ln Lemitar, NM 87823
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