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    3778 Lot 259A Rd Farmington, NM 87401

    For Sale
    $32,500

    Large lot, excellent location, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 43,560 square foot lot, identified as LOT 259A ROAD 3778, presents a compelling investment opportunity in the desirable Morningstar Town Ranches Subdivision of Farmington, New Mexico. Located in San Juan County, with a zip code of 87401, this expansive parcel offers significant potential for development. The property boasts convenient access to Farmington's shopping and amenities, further enhanced by the upcoming completion of the Road 3900 bypass, which will significantly reduce travel times. Utilities are readily available at the street, simplifying the development process. Protective covenants are in place, ensuring the maintenance of property values and community standards. The asking price for this remarkable land parcel is $32,500. This represents a rare chance to acquire a substantial lot in a growing area, poised for future appreciation. The property's size and location make it ideal for a variety of development projects, offering a strong return on investment for the discerning buyer. The coordinates for this property are latitude 36.7528465 and longitude -108.1135043. Natural gas is now available in Morningstar Town Ranches.

    Property Features for 3778 Lot 259A Rd

    General Information

    Property type
    Land

    HighLights

    • 43,560 SF lot in desirable Morningstar Town Ranches Subdivision, Farmington, NM.
    • Located in San Juan County, zip code 87401, with convenient access to shopping and amenities.
    • Upcoming Road 3900 bypass will improve accessibility.
    • Utilities available at the street.
    • Protective covenants in place.
    • Asking price: $32,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1135043
    Latitude
    36.7528465

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    FAQs

    What type of property is this?
    Land - Large lot, excellent location, utilities available.
    Where is this land located?
    The property is located at 3778 Lot 259A Rd Farmington, NM.
    What is the asking price?
    The asking price for this property is $32,500.
    What are key features of this property?
    This property features: 43,560 SF lot in desirable Morningstar Town Ranches Subdivision, Farmington, NM.; Located in San Juan County, zip code 87401, with convenient access to shopping and amenities.; Upcoming Road 3900 bypass will improve accessibility.
    (505) 327-4838
    Request Owner's contact information
    3778 Lot 259A Rd Farmington, NM 87401
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    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
    3778 Lot 259A Rd Farmington, NM 87401
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