Farmland with Water
For Sale
$40,000
Hwy 187, Caballo, NM 87931
LAND - Caballo, NM
Property SizeContact for details
Lot Size2.76 Acres
Days on Market72
Property Features for Hwy 187
General Information
Property type
Land
Property subtype
Other
Directions
Traveling from Las Cruces, go North on I-25 then exit Garfield exit, at stop sign turn right on to HWY 187, property is on the left hand side of the road between Robison Rd & Aguirre Rd
Subdivision
All Areas
Standard status
Active
APN
3026100050255
Lot size
2.76 Acres
Taxes and HOA fees
Tax Description
Book 134 Page 3351 Reception# 202100149Section 23 Township 17 S Range 5 W
Legal Description
Book 134 Page 3351 Reception# 202100149Section 23 Township 17 S Range 5 W
Utilities
Water source
Well
Listing Agency:
Saenz & Smith Real Estate Co
(575) 386-2363
Listed By:
Norma Saenz · License #20720
(575) 644-7654
Added: Jun 2
Changed: Aug 6
Last Checked: Aug 12 at 1:06AM
MLS# 2600083
Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2.67-acre farmland parcel includes 1.81 acres of valuable water rights, creating a practical foundation for irrigation-dependent uses. The property’s layout supports multiple approaches, whether you want to expand an agricultural operation or establish a small farm. It also offers the space and flexibility to build a dream home while keeping the benefits of an agricultural setting.
Located just off Highway 187, the site provides convenient access to the region without giving up a quieter rural environment. I-25 is also within easy reach, which can be helpful for day-to-day access, transporting materials, or supporting an operator’s routine.
For buyers looking for land that can serve more than one purpose, this parcel is a strong fit because it combines usable acreage with included water rights. It may work well for an owner-operator seeking to maintain or grow farming activities, or for someone wanting a rural lifestyle with the option to keep the land in agricultural production.
Located just off Highway 187, the site provides convenient access to the region without giving up a quieter rural environment. I-25 is also within easy reach, which can be helpful for day-to-day access, transporting materials, or supporting an operator’s routine.
For buyers looking for land that can serve more than one purpose, this parcel is a strong fit because it combines usable acreage with included water rights. It may work well for an owner-operator seeking to maintain or grow farming activities, or for someone wanting a rural lifestyle with the option to keep the land in agricultural production.
Key Highlights
- 2.67‑acre farmland parcel with 1.81 acres of valuable water rights
- Water source: well
- Conveniently located just off Highway 187 with easy access to I‑25
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 87931, NM
633
Population
372
Households
1.7
Avg Household Size
62
Median Age
24%
College-Educated
98%
High-School Grad
166.7 sq mi
ZIP Area
4
Density / Sq Mi
$14,779
Median Earnings
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - A rural parcel with valuable water rights, offering flexibility for farming, a small farm, or a residential build.
Where is this agricultural land / farmland located?
The property is located at Hwy 187 Caballo, NM.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 2.67‑acre farmland parcel with 1.81 acres of valuable water rights; Water source: well; Conveniently located just off Highway 187 with easy access to I‑25
