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    Tbd 246 Hwy Capitan, NM 88316

    For Sale
    $1,800,000

    Prime NM Ranch Land, Stunning Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 285.68-acre property presents a unique investment opportunity in Lincoln County, New Mexico. Situated just one mile north of Capitan, the land boasts breathtaking panoramic views of the Sierra Blanca, Capitan Mountain Range, and Nogal Peak. Ideal for both recreational and potential development uses, this expansive ranch offers a tranquil escape while remaining conveniently located. The property is a haven for grazing animals, and its location within State hunting unit 37 provides access to some of New Mexico's best elk hunting. For those seeking a more developed lifestyle, the resort town of Ruidoso is a short 15-mile drive. The property's potential extends beyond recreational uses

    Property Features for 0 Tbd 246 Hwy

    General Information

    Property type
    Farms
    Lot Size
    12,444,221 SF

    HighLights

    • 285.68‑acre property in Lincoln County, NM, one mile north of Capitan.
    • Panoramic views of Sierra Blanca, Capitan Mountain Range, and Nogal Peak.
    • Suitable for recreation and development; excellent grazing land.
    • Located in State hunting unit 37, offering prime elk hunting access.
    • Close proximity to Ruidoso (15‑mile drive).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Capitan
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.2073289
    Latitude
    33.6523881

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Farm - Prime NM Ranch Land, Stunning Views
    Where is this farm located?
    The property is located at Tbd 246 Hwy Capitan, NM.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 285.68-acre property in Lincoln County, NM, one mile north of Capitan.; Panoramic views of Sierra Blanca, Capitan Mountain Range, and Nogal Peak.; Suitable for recreation and development; excellent grazing land.
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    Tbd 246 Hwy Capitan, NM 88316
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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

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    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
    Tbd 246 Hwy Capitan, NM 88316
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