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    4226 Qr 67 Tucumcari, NM 88401

    For Sale
    $693,000

    Vast acreage, stunning views, endless potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 115.5-acre property in Quay County, New Mexico, presents a unique investment opportunity. Located near Tucumcari, this land boasts a diverse terrain, combining flat areas with rolling hills, and offers breathtaking views of Tucumcari Mountain. The property features rich red sandy loam clay soil, historically used for adobe brick making, and ample grassland suitable for livestock or leasing. A lower section has a history of irrigated farming, showcasing its versatility. Its proximity to Conchas Lake (approximately 20 miles) and Ute Lake (around 25 miles) makes it attractive to outdoor enthusiasts. The area's history includes fossil discoveries on neighboring properties, adding a unique element. Furthermore, the land has attracted interest from solar developers, highlighting its potential for sustainable energy projects. Priced at $693,000, this expansive property near Tucumcari, NM (zip code 88401), at 4226 Qr 67, offers a multitude of possibilities, from residential development to agricultural pursuits or renewable energy ventures. The possibilities are truly endless.

    Property Features for 4226 Qr 67

    General Information

    Property type
    Land
    Lot Size
    5,031,180 SF

    HighLights

    • 115.5‑acre property in Quay County, NM near Tucumcari (zip code 88401).
    • Diverse terrain with flat areas and rolling hills offering mountain views.
    • Rich red sandy loam clay soil suitable for agriculture and historically used for adobe brick making.
    • Lower section has a history of irrigated farming.
    • Proximity to Conchas and Ute Lakes.
    • Potential for solar energy development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tucumcari
    County
    Quay
    State
    New Mexico
    Longitude
    -103.7586462
    Latitude
    35.2298635

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    FAQs

    What type of property is this?
    Land - Vast acreage, stunning views, endless potential.
    Where is this land located?
    The property is located at 4226 Qr 67 Tucumcari, NM.
    What is the asking price?
    The asking price for this property is $693,000.
    What are key features of this property?
    This property features: 115.5-acre property in Quay County, NM near Tucumcari (zip code 88401).; Diverse terrain with flat areas and rolling hills offering mountain views.; Rich red sandy loam clay soil suitable for agriculture and historically used for adobe brick making.
    Request Owner's contact information
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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
    4226 Qr 67 Tucumcari, NM 88401
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