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    475 - B Stevens St Raton, NM 87740

    For Sale
    $375,000

    Prime 39-acre equestrian property in Raton, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 39-acre property in Raton, New Mexico, presents a unique opportunity for hobby farmers and equestrian enthusiasts. Located in Colfax County, at 475-B Stevens Street, zip code 87740 (36.9137232, -104.4291157), this land boasts a house, barn, and stalls, all ready for immediate use. Previously part of the La Loma Stud Farm, the property's history speaks to its suitability for horses and livestock—a rare find within city limits. The barn features a concrete floor and large double doors at each end, allowing for easy vehicle or RV access. Electricity and water spigots are conveniently located throughout the property. A rainwater-collecting cistern provides a valuable water source for irrigation and gardening, a significant advantage in the high desert climate. The pasture, composed of native vegetation, can support several livestock. While partially fenced, the property offers ample space for equestrian activities. The asking price is $375,000. This property is a must-see for those seeking a versatile and well-equipped equestrian or hobby farm.

    Property Features for 475 - B Stevens St

    General Information

    Property type
    Land
    Lot Size
    1,698,840 SF

    HighLights

    • 39‑acre property in Raton, NM, ideal for hobby farms and equestrian use.
    • Located at 475‑B Stevens Street, Raton, NM 87740.
    • Includes a house, barn with concrete floor and large double doors, and stalls.
    • Features electricity, water spigots, and a rainwater cistern.
    • Partially fenced pasture suitable for livestock; previously part of La Loma Stud Farm.
    • Asking price: $375,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Raton
    County
    Colfax
    State
    New Mexico
    Longitude
    -104.4291157
    Latitude
    36.9137232

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    FAQs

    What type of property is this?
    Land - Prime 39-acre equestrian property in Raton, NM
    Where is this land located?
    The property is located at 475 - B Stevens St Raton, 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: 39-acre property in Raton, NM, ideal for hobby farms and equestrian use.; Located at 475-B Stevens Street, Raton, NM 87740.; Includes a house, barn with concrete floor and large double doors, and stalls.
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    475 - B Stevens St Raton, NM 87740
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    Raton, NM 87740
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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

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    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
    475 - B Stevens St Raton, NM 87740
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