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    5051 Bloomfield Hwy Farmington, NM 87401

    For Sale
    $1,647,000

    Established orchard, 3 homes, ag buildings

    Property size:
    11,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,132,560 square foot property in Farmington, New Mexico, presents a unique investment opportunity. Priced at $1,647,000, this established fruit orchard boasts 27.92 irrigated acres with approximately 2,500-3,000 fruit trees, including a diverse selection of apples, peaches, pears, plums, and more. The impressive 77.5 acre-feet of irrigation ensures consistent productivity. The well-composted soil contributes to optimal growing conditions. The property also includes three homes, two currently generating rental income. Home #1, a 1985 brick home, offers 3 bedrooms, 3 bathrooms, an oversized garage, and finished basement space totaling 3381 square feet. Home #2 (1962, 1437 sq ft) and Home #3 (1956, 1512 sq ft) are both 3-bedroom homes with updated features. Agricultural infrastructure includes a 2400 square foot fruit packing barn with cold storage, a 1200 square foot barn, and a 600 square foot barn. An active gas well on the property provides additional income potential. The property's highway frontage and stunning views of the San Juan River and Bisti Bluffs offer significant development potential, making it ideal for farmland, agritourism, or other ventures. This family-owned property, established since 1945, offers a rare blend of established income streams and future growth opportunities.

    Property Features for 5051 Bloomfield Hwy

    General Information

    Property type
    Land
    Square Feet
    11,120 SF

    HighLights

    • $1,647,000 asking price for 1,132,560 square feet of land.
    • 27.92 irrigated acres with approximately 2,500‑3,000 fruit trees.
    • Includes three homes (two currently rented), three agricultural buildings, and an active gas well.
    • Property features 77.5 acre‑feet of irrigation water rights and well‑composted soil.
    • Located at 5051 Bloomfield Hwy, Farmington, NM 87401.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Food Market Storage Facility HVAC Service Electrical Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1437535
    Latitude
    36.7094675

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    FAQs

    What type of property is this?
    Land - Established orchard, 3 homes, ag buildings
    Where is this land located?
    The property is located at 5051 Bloomfield Hwy Farmington, NM.
    What is the asking price?
    The asking price for this property is $1,647,000.
    What are key features of this property?
    This property features: $1,647,000 asking price for 1,132,560 square feet of land.; 27.92 irrigated acres with approximately 2,500-3,000 fruit trees.; Includes three homes (two currently rented), three agricultural buildings, and an active gas well.
    Request Owner's contact information
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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
    5051 Bloomfield Hwy Farmington, NM 87401
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