Listing Agency: Momentum Real Estate Group

Listed By: Margaret L Henderson · License #54392 Show Phone

Source: Albuquerquehomefinders

Added: Sep 13 Changed: Sep 23 Last Checked: Sep 26 at 7:07AM

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Investment Insights

Based on property information with market context.

This 5.68-acre farm combines established agricultural production, equestrian infrastructure, and extensive residential improvements. More than 750 lavender plants across five varieties are supported by drip irrigation, while pre-1907 water rights, a new domestic well, and a new livestock well serve the property. Horse facilities include a five-stall barn with runs, a mare and foal paddock, and an approximately 255' x 95' riding arena. Trailer parking and maneuvering areas are also available.

The approximately 2,991-square-foot adobe residence was originally built in 1975 and substantially renovated and expanded in 2007. Interior features include vigas, latilla ceilings, brick and hand-scraped hickory flooring, wood windows, a kiva fireplace, custom kitchen cabinetry, a six-burner Wolf range, and a porcelain farmhouse sink. The home offers a primary suite, two additional bedrooms, and multiple living and gathering areas. Additional improvements include garage, workshop, storage, studio, and gathering space, plus a converted adobe barn. A pond, treehouse deck, mature trees, covered porches, and a new TPO roof installed in 2025 complete the property.

Key Highlights

• 5.68‑acre farm with pre‑1907 water rights
• More than 750 lavender plants in five varieties with drip irrigation
• New domestic well and new livestock well

Property Analytics

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Current Use

Farms

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility Auto Repair Shop Furniture & Home Goods HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

42

Businesses Nearby

Explore this area Business Placement

Demographics for 87042, NM

3,364

Population

1,496

Households

2.2

Avg Household Size

47

Median Age

25%

College-Educated

89%

High-School Grad

4.5 sq mi

ZIP Area

748

Density / Sq Mi

$61,181

Median Household Income

$42,371

Median Earnings

$1,346

Median Rent

$275,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Farm - Agricultural property with established lavender, horse improvements, multiple outbuildings, and a renovated adobe residence.

Where is this farm located?

The property is located at 99 Molina Rd Peralta, NM.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: 5.68‑acre farm with pre‑1907 water rights; More than 750 lavender plants in five varieties with drip irrigation; New domestic well and new livestock well