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    1927/1929 Broadway Ave Bloomfield, NM 87413

    For Sale
    $995,000

    Large development tract, abundant water rights.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 70.32-acre (±) property in Bloomfield, New Mexico, presents a unique investment opportunity. Located at 1927/1929 W Broadway Avenue, this expansive parcel straddles the city and San Juan County lines. The front 14.537 acres, situated within Bloomfield city limits, offers potential for commercial or residential development, with existing utilities and landscaping, including functional underground piping. The remaining acreage, primarily in San Juan County, boasts barns, a house foundation (with a potential building pad), pastureland, several ponds, and fields. The property includes approximately 38-39 acres of adjudicated "old priority" water rights with gravity flow irrigation (buyer verification required with the NM State Engineer's office). These ponds provide water for livestock and fishing. Currently, sections of the land are planted in alfalfa, generating income. Other areas serve as pasture for livestock. The rear section remains in its natural state, attracting wildlife. Improvements include a large shop, barn, pipe-fenced horse stalls, storage units with covered vehicle/equipment storage, a goat pen, chicken coop, batting cage, and a tennis court. The front section has potential access to Bloomfield's sewer system

    Property Features for 1927/1929 Broadway Ave

    General Information

    Property type
    Land

    HighLights

    • 70.32‑acre (±) property in Bloomfield, NM, at 1927/1929 W Broadway Ave., straddling city and county lines.
    • Front 14.537 acres (Bloomfield city limits) suitable for commercial or residential development; existing utilities and landscaping.
    • Remaining acreage (San Juan County) features barns, house foundation, pasture, ponds, and fields.
    • Approx. 38‑39 acres of adjudicated "old priority" water rights with gravity flow irrigation (buyer verification required).
    • Improvements include large shop, barn, horse stalls, storage, goat pen, chicken coop, batting cage, and tennis court.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.9995284
    Latitude
    36.7083894

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    FAQs

    What type of property is this?
    Land - Large development tract, abundant water rights.
    Where is this land located?
    The property is located at 1927/1929 Broadway Ave Bloomfield, NM.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 70.32-acre (±) property in Bloomfield, NM, at 1927/1929 W Broadway Ave., straddling city and county lines.; Front 14.537 acres (Bloomfield city limits) suitable for commercial or residential development; existing utilities and landscaping.; Remaining acreage (San Juan County) features barns, house foundation, pasture, ponds, and fields.
    (505) 793-2800
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    1927/1929 Broadway Ave Bloomfield, NM 87413
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    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
    1927/1929 Broadway Ave Bloomfield, NM 87413
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