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    4 Lots Casa Bonita Dr Farmington, NM 87401

    For Sale
    $245,000

    Prime development land, four lots, 43,560 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional offering presents a rare opportunity to acquire four contiguous building lots totaling 43,560 square feet in Farmington, New Mexico. Located in a highly desirable area, these lots are significantly larger than the average lot size in the neighborhood, providing ample space for substantial development. The individual lot addresses are 4415, 4425, 4445, and 4455 Casa Bonita Drive, within the San Juan County, zip code 87401. This prime location offers unparalleled access to the natural beauty, rich culture, and historical significance of Northern New Mexico, a region attracting international interest. The property is perfectly suited for the construction of four individual homes, capitalizing on the area's desirability and strong demand for residential properties. Please note that aerial images provided are of the general area and do not precisely depict individual lot boundaries. The asking price for all four lots is $245,000. This represents a compelling investment opportunity in a thriving market. Contact us today to learn more about this unique development opportunity.

    Property Features for 4 Lots Casa Bonita Dr

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1916028
    Latitude
    36.7681437

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    FAQs

    What type of property is this?
    Land - Prime development land, four lots, 43,560 sq ft.
    Where is this land located?
    The property is located at 4 Lots Casa Bonita Dr Farmington, NM.
    What is the asking price?
    The asking price for this property is $245,000.
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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
    4 Lots Casa Bonita Dr Farmington, NM 87401
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