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    20 Nm 518 Hwy Las Vegas, NM 87701

    For Sale
    $500,000

    5-Acre Tract w/ 2B/2B Home

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 5-acre property, located at 20 NM 518 Highway in Las Vegas, New Mexico, presents a unique investment opportunity. Currently zoned for agriculture, this parcel offers significant potential for commercial development, given its prime location in the Seventh Street Commercial Area. The property boasts easy access to major thoroughfares throughout Las Vegas, providing excellent visibility and convenient access for businesses. Included in the sale is a modest two-bedroom, two-bathroom home, adding immediate value and potential for rental income or on-site management. The land itself is conveniently situated near a variety of amenities, including shopping, medical facilities, financial institutions, and recreational opportunities. Buyers should note that a ditch located on the south side of the property will be abandoned. The asking price for this versatile property is $500,000. This presents a rare chance to acquire a substantial land parcel with existing improvements in a growing New Mexico community. The property's location and potential for commercial rezoning make it an attractive investment for developers and entrepreneurs alike. The property's address is 20 NM 518 Highway, Las Vegas, NM 87701, within San Miguel County.

    Property Features for 20 Nm 518 Hwy

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • $500,000 asking price.
    • 5‑acre land parcel.
    • Located at 20 NM 518 Highway, Las Vegas, NM 87701.
    • Currently zoned agricultural; rezoning for commercial use required.
    • Includes a modest 2‑bedroom, 2‑bathroom home.
    • Convenient access to Las Vegas amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2255225
    Latitude
    35.6293433

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    FAQs

    What type of property is this?
    Land - 5-Acre Tract w/ 2B/2B Home
    Where is this land located?
    The property is located at 20 Nm 518 Hwy Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price.; 5-acre land parcel.; Located at 20 NM 518 Highway, Las Vegas, NM 87701.
    Request Owner's contact information
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    Las Vegas, NM 87701
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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
    20 Nm 518 Hwy Las Vegas, NM 87701
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