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    812 - 2.51 Acre Ave Farmington, NM 87401

    For Sale
    $265,000

    Prime Development Land: Mobile Home Park Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 2.51-acre lot, located at 812 Vine Avenue in Farmington, New Mexico, presents a remarkable investment opportunity. Zoned for a mobile home park, this property has already received approval for the development of 24 mobile home pads, significantly reducing the time and effort required for project commencement. The site's pre-approved status streamlines the development process, minimizing potential delays and maximizing return on investment. Situated in San Juan County, with a zip code of 87401, this land offers easy access to local amenities and infrastructure. The property's location at 36.7471661 latitude and -108.214028 longitude provides convenient access to transportation routes and services. This is an ideal opportunity for investors seeking to capitalize on the growing demand for mobile home living. While the lot size is listed as 0 square feet, the actual size is 2.51 acres. Note that an additional lot and a site-built home are available for purchase under a separate MLS listing (MLS #24-811), offering potential for expansion or complementary investment. The asking price for this exceptional development opportunity is $265,000. This represents a significant opportunity for substantial growth and profitability in the thriving Farmington real estate market.

    Property Features for 812 - 2.51 Acre Ave

    General Information

    Property type
    Land

    HighLights

    • 2.51‑acre lot in Farmington, NM, zoned for a mobile home park.
    • Pre‑approved for 24 mobile home pads, streamlining development.
    • Located in San Juan County, zip code 87401, with convenient access to amenities and transportation.
    • Asking price: $265,000.
    • Adjacent lot and site‑built home available separately (MLS #24‑811).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.214028
    Latitude
    36.7471661

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    FAQs

    What type of property is this?
    Land - Prime Development Land: Mobile Home Park Potential
    Where is this land located?
    The property is located at 812 - 2.51 Acre Ave Farmington, NM.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 2.51-acre lot in Farmington, NM, zoned for a mobile home park.; Pre-approved for 24 mobile home pads, streamlining development.; Located in San Juan County, zip code 87401, with convenient access to amenities and transportation.
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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
    812 - 2.51 Acre Ave Farmington, NM 87401
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