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    851 Nm-170 Farmington, NM 87401

    For Sale
    $60,000

    13.61 Acres, Mountain Views, Buildable Sites

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 13.61-acre land parcel presents a unique investment opportunity in Farmington, New Mexico. Strategically located on Highway 170, this property boasts significant frontage, providing excellent visibility and accessibility. The land itself offers a diverse topography, with an upper area featuring prime building sites that command breathtaking views of the surrounding valley and majestic mountains. The expansive acreage provides ample space for a variety of development possibilities, from residential construction to commercial ventures. The property's location in Farmington, NM, offers proximity to essential amenities and services, making it an attractive location for both residential and commercial development. The 87401 zip code further underscores its convenient location within the city. This is a rare opportunity to acquire a substantial land holding with exceptional views and highway frontage in a desirable New Mexico location. The asking price is $60,000. The lot size is 13.61 acres. The property is zoned for development, but specific zoning information should be verified independently. Serious inquiries are encouraged.

    Property Features for 851 Nm-170

    General Information

    Property type
    Land

    HighLights

    • 13.61‑acre land parcel in Farmington, NM, zoned for development (buyer to verify).
    • High‑visibility location on Highway 170 with significant frontage.
    • Offers breathtaking views and prime building sites.
    • Suitable for various development projects, including residential and commercial uses.
    • Convenient location near amenities and services in the 87401 zip code.
    • Asking price: $60,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.2202108
    Latitude
    36.8548076

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    FAQs

    What type of property is this?
    Land - 13.61 Acres, Mountain Views, Buildable Sites
    Where is this land located?
    The property is located at 851 Nm-170 Farmington, NM.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: 13.61-acre land parcel in Farmington, NM, zoned for development (buyer to verify).; High-visibility location on Highway 170 with significant frontage.; Offers breathtaking views and prime building sites.
    Request Owner's contact information
    851 Nm-170 Farmington, NM 87401
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    851 Nm-170
    Farmington, NM 87401
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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
    851 Nm-170 Farmington, NM 87401
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