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    3406 Us 64 Waterflow, NM 87421

    For Sale
    $375,000

    Large acreage, highway frontage, irrigation.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 22.7-acre property in Waterflow, New Mexico, presents a unique investment opportunity. Currently used for agriculture, the land offers significant potential for subdivision or development into commercial or residential uses. Approximately 17 acres are dedicated to irrigated grass hay and pasture, utilizing water from the Jewett Valley Ditch (a concrete-lined ditch with an 1878 irrigation priority). The irrigation system includes a headgate, multiple valves, and piping. The property is cross-fenced for efficient livestock management, featuring corrals, pens, feeders, a frost-free spigot, and a Richie 4-hole waterer. Approximately 4 non-irrigated acres north of the ditch provide a potential building site. Utilities include access to electricity and two Lower Valley Water lines with a meter. The property boasts approximately 895 feet of highway frontage on US 64, with additional access from Road 6900. Please note that mineral rights are not included in the sale. The property is located at 3406 US 64, Waterflow, NM 87421, and encompasses 958,320 square feet. An assessor's map is available upon request. Asking price is $375,000.

    Property Features for 3406 Us 64

    General Information

    Property type
    Land

    HighLights

    • 22.7‑acre property in Waterflow, NM, ideal for commercial or residential development.
    • 17 acres of irrigated hay and pasture with established irrigation system (Jewett Valley Ditch).
    • 4 acres of non‑irrigated land suitable for building.
    • Utilities include electricity and two Lower Valley Water lines.
    • 895 feet of highway frontage on US 64, plus Road 6900 access.
    • Asking price: $375,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waterflow
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.4988269
    Latitude
    36.7435325

    Nearby Comparable

    • $325,000
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      Waterflow Acreage with Highway Frontage

      22.7 acres suitable for agricultural, commercial, or residential development.
      3406 Us 64, Waterflow, NM 87421
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    • $349,000
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      Waterflow Land with Water Rights

      20.65-acre lot with water rights, suitable for agriculture or commercial.
      Nya Us 64, Waterflow, NM 87421
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    • $399,000

      Waterflow Land: 20 Acres, $399K

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    • $240,000
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      Mixed-Use Property on US 64

      Multi-unit property with highway frontage, residential, warehouse, and retail.
      3532 Us 64, Waterflow, NM 87421
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    • $45,000
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      Waterflow Land with Utilities Nearby

      3.36 acres in Waterflow, NM, fenced with utilities nearby.
      110 Road 6893, Waterflow, NM 87421
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    • $340,000
      2,988 SF

      Waterflow Commercial Property on US-64

      2.95 acre commercial property with warehouse and former residence.
      3660 Us 64, Waterflow, NM 87421
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    Nearby Similar for Sale

    • $340,000
      2,988 SF

      Waterflow Commercial Property on US-64

      2.95 acre commercial property with warehouse and former residence.
      3660 Us 64, Waterflow, NM 87421
      View Details
    • $240,000
      10,442 SF

      Mixed-Use Property on US 64

      Multi-unit property with highway frontage, residential, warehouse, and retail.
      3532 Us 64, Waterflow, NM 87421
      View Details

    FAQs

    What type of property is this?
    Land - Large acreage, highway frontage, irrigation.
    Where is this land located?
    The property is located at 3406 Us 64 Waterflow, NM.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 22.7-acre property in Waterflow, NM, ideal for commercial or residential development.; 17 acres of irrigated hay and pasture with established irrigation system (Jewett Valley Ditch).; 4 acres of non-irrigated land suitable for building.
    Request Owner's contact information
    3406 Us 64 Waterflow, NM 87421
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    Waterflow, NM 87421
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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
    3406 Us 64 Waterflow, NM 87421
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