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    755 Riata Rd Tularosa, NM 88352

    Sponsored
    For Sale
    Contact for pricing

    Prime Otero County farmland, abundant structures.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 244-acre farm presents a unique development opportunity in Tularosa, New Mexico. Located in Otero County, the property boasts convenient access via US Hwy 54/70, Riata Road, and Radio Road. The land is comprised of two parcels: a 143-acre section accessible from Riata Road and a 60-acre section accessed from Hope Lane, totaling 244 acres. Existing improvements include a substantial 2,700 square foot adobe main house, a 300 square foot adobe guest house, and a single-car adobe garage. Further enhancing the property's utility are a 3,000 square foot metal barn, a 3,000 square foot stable building, and a large 4,500 square foot hay storage structure. Three functioning wells are currently on the property, with an additional well approval already secured for the 60-acre parcel. This expansive property offers significant potential for various agricultural and development ventures, making it an attractive investment in a desirable New Mexico location. The property's address is 755 Riata Rd, Tularosa, NM 88352. The property's latitude and longitude coordinates are 33.0565077, -106.0247708.

    Property Features for 755 Riata Rd

    General Information

    Property type
    Farms
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Convenience Store Pet Grooming Service Steakhouse

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

    Location Insight

    • Map
    • Local Demand
    City
    Tularosa
    County
    Otero
    State
    New Mexico
    Longitude
    -106.0247708
    Latitude
    33.0565077

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    Nearby Similar for Sale

    • $4,200,000

      244-Acre Alfalfa Farm/Horse Facility

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    FAQs

    What type of property is this?
    Farm - Prime Otero County farmland, abundant structures.
    Where is this farm located?
    The property is located at 755 Riata Rd Tularosa, NM.
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    Tularosa, NM 88352
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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
    755 Riata Rd Tularosa, NM 88352
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