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    X1 Ferrari Rnch Rd Rd Bloomfield, NM 87413

    For Sale
    $280,000

    1.78 Acres, Level, Irrigated, Highway Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 1.78-acre commercial property in Bloomfield, New Mexico, presents a unique investment opportunity. Located directly on Highway 64, it offers unparalleled visibility and accessibility for any business. The land is remarkably level and clear, eliminating costly site preparation. Existing irrigation infrastructure provides significant advantages for various commercial uses, from landscaping to potential agricultural ventures. Zoned for community commercial use, this parcel is suitable for a wide range of businesses, including retail, service industries, or a combination thereof. The property's prime location and level terrain make it ideal for attracting customers and establishing a strong presence in the Bloomfield market. The seller is open to exploring creative financing options, making this an even more attractive proposition for prospective buyers. This is a rare chance to acquire a highly desirable commercial lot with excellent highway frontage, irrigation, and the potential for substantial return on investment. The thriving community of Bloomfield offers a strong foundation for business growth, making this property a truly exceptional opportunity. Don't miss this chance to secure a prominent location on Highway 64 and establish your business in a vibrant and growing area.

    Property Features for X1 Ferrari Rnch Rd Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    77,537 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0031
    Latitude
    36.71128

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    FAQs

    What type of property is this?
    Commercial real estate - 1.78 Acres, Level, Irrigated, Highway Frontage
    Where is this commercial real estate located?
    The property is located at X1 Ferrari Rnch Rd Rd Bloomfield, NM.
    What is the asking price?
    The asking price for this property is $280,000.
    (505) 554-3873
    Request Owner's contact information
    X1 Ferrari Rnch Rd Rd Bloomfield, NM 87413
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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
    X1 Ferrari Rnch Rd Rd Bloomfield, NM 87413
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