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    21 Road 3160 Aztec, NM 87410

    For Sale
    $6,500,000

    Prime NM Land: Multiple Income Streams

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8,712,000 square foot land parcel in Aztec, New Mexico, presents a compelling investment opportunity. Located at 21 Road 3160, San Juan County, zip code 87410 (latitude 36.8242717, longitude -108.0516712), this property offers a unique blend of agricultural potential and established revenue streams. The land includes existing irrigation infrastructure, featuring sprinklers and side rolls, ideal for various agricultural uses. Furthermore, the seller reports existing gas royalties and royalties from an on-site gravel pit, providing additional income generation beyond agricultural pursuits. This combination of established income and agricultural potential creates a potentially lucrative investment. The asking price for this expansive property is $6,500,000. Please note that access to a home located on the property is unavailable until October 28, 2024. Additional information can be found under MLS#24-1204. This is a rare opportunity to acquire a large-scale property with diverse income streams in a desirable New Mexico location.

    Property Features for 21 Road 3160

    General Information

    Property type
    Land

    HighLights

    • 8,712,000 SF land parcel in Aztec, NM.
    • Located at 21 Road 3160, San Juan County, NM 87410.
    • Features existing irrigation infrastructure (sprinklers & side rolls).
    • Generates income from gas & gravel pit royalties.
    • Asking price: $6,500,000.
    • Access to home on property restricted until 10/28/2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Kitchen & Bath Storage Facility Accounting Firm Discount Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0516712
    Latitude
    36.8242717

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    FAQs

    What type of property is this?
    Land - Prime NM Land: Multiple Income Streams
    Where is this land located?
    The property is located at 21 Road 3160 Aztec, NM.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 8,712,000 SF land parcel in Aztec, NM.; Located at 21 Road 3160, San Juan County, NM 87410.; Features existing irrigation infrastructure (sprinklers & side rolls).
    Request Owner's contact information
    21 Road 3160 Aztec, NM 87410
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    Aztec, NM 87410
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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
    21 Road 3160 Aztec, NM 87410
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