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    of NM187 / NM546 Cor Garfield, NM 87933

    For Sale
    $550,000

    Irrigated farmland with excellent water rights.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 29.66-acre agricultural property presents a unique investment opportunity in Derry, New Mexico. Located at the corner of NM 187 and NM 546, this land boasts convenient access to major highways, offering both accessibility and strategic positioning. The property includes approximately 17 acres of irrigated land, utilizing both Elephant Butte Irrigation District (EBID) water and well water, ensuring a reliable water source for consistent agricultural production. Currently producing alfalfa, this land offers immediate income potential and the flexibility to explore diverse agricultural ventures. Its location just 13 miles north of Hatch, New Mexico, the renowned "Chile Capital of the World," provides proximity to a thriving agricultural market. The property's size and water rights make it an ideal investment for both established farmers seeking expansion and new entrants to the agricultural sector. The combination of highway frontage and fertile, irrigated land creates a compelling opportunity for a variety of uses, including farming, ranching, or even a potential homesite. The asking price is $550,000. This property is situated in Sierra County, New Mexico, with a zip code of 87933. The coordinates are 32.780748 latitude and -107.273566 longitude.

    Property Features for of NM187 / NM546 Cor

    General Information

    Property type
    Farms
    Lot Size
    1,291,990 SF

    HighLights

    • 29.66‑acre agricultural property in Derry, NM, at the corner of NM 187 and NM 546.
    • 17 acres of irrigated land with EBID and well water, currently producing alfalfa.
    • Located 13 miles north of Hatch, NM, offering proximity to a strong agricultural market.
    • $550,000 asking price.
    • Sierra County, NM, zip code 87933 (32.780748, -107.273566).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Garfield
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.273566
    Latitude
    32.780748

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    FAQs

    What type of property is this?
    Farm - Irrigated farmland with excellent water rights.
    Where is this farm located?
    The property is located at of NM187 / NM546 Cor Garfield, NM.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 29.66-acre agricultural property in Derry, NM, at the corner of NM 187 and NM 546.; 17 acres of irrigated land with EBID and well water, currently producing alfalfa.; Located 13 miles north of Hatch, NM, offering proximity to a strong agricultural market.
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    of NM187 / NM546 Cor Garfield, NM 87933
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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.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    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
    of NM187 / NM546 Cor Garfield, NM 87933
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