Agricultural Land with Water
For Sale
$265,000
Many Trcts Olive Lane, Lemitar, NM 87823
LAND - Lemitar, NM
Property SizeContact for details
Lot Size57.45 Acres
Days on Market54
Property Features for Many Trcts Olive Lane
General Information
Property type
Land
Property subtype
Other
Zoning description
RA-1
Subdivision
MRGCD MAP 153
Lot features
Views, Acreage
Directions
Turn left onto Calle De Lemitar/ Lemitar Frontage Rd, then turn left on Olive Ln. Go North on Olive to the dirt road that starts on the left just past Rynni Rd.
Standard status
Active
APN
SeeDocuments
Lot size
57.45 Acres
Taxes and HOA fees
Tax Annual Amount
366
Listing Agency:
Keller Williams Realty
(505) 897-1100
Listed By:
Jonathan P Tenorio · License #50026
(505) 410-8568
Added: Jun 17
Last Checked: Aug 9 at 3:06AM
MLS# 1105727
Copyright © 2026 Southwest MLS. 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 offering consists of 57.45 acres of agricultural land in a working parcel configuration of 11 combined tracts. The property is described as having been used as a green chile farm and is positioned for agricultural or related ranch-oriented use, depending on how you plan to develop the land.
The site is located in Lemitar, New Mexico, with the tract described in the Lemitar Valley area. Public remarks indicate support for cultivation through annual Middle Rio Grande Conservancy District water banking, which has been used to support irrigation.
For buyers looking for farmland flexibility, this property’s multi-parcel layout and irrigation support make it a practical foundation for planning new plantings, orchards, vineyards, specialty crops, or a private ranch retreat. Prospective buyers should review how the existing water banking and any irrigation planning aligns with their intended farming or land-use program before finalizing terms.
The site is located in Lemitar, New Mexico, with the tract described in the Lemitar Valley area. Public remarks indicate support for cultivation through annual Middle Rio Grande Conservancy District water banking, which has been used to support irrigation.
For buyers looking for farmland flexibility, this property’s multi-parcel layout and irrigation support make it a practical foundation for planning new plantings, orchards, vineyards, specialty crops, or a private ranch retreat. Prospective buyers should review how the existing water banking and any irrigation planning aligns with their intended farming or land-use program before finalizing terms.
Key Highlights
- 57.45‑acre property in Lemitar, New Mexico (11 combined parcels)
- Served as a green chile farm
- Annual Middle Rio Grande Conservancy District water banking has supported irrigation
Property Analytics
Current Use
Lease Details
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 87823, NM
589
Population
372
Households
1.6
Avg Household Size
47
Median Age
26%
College-Educated
83%
High-School Grad
47.7 sq mi
ZIP Area
12
Density / Sq Mi
$90,707
Median Household Income
$44,500
Median Earnings
$135,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - 57.45 acres across 11 parcels with established irrigation support through annual Middle Rio Grande Conservancy District water banking.
Where is this agricultural land / farmland located?
The property is located at Many Trcts Olive Lane Lemitar, 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: 57.45‑acre property in Lemitar, New Mexico (11 combined parcels); Served as a green chile farm; Annual Middle Rio Grande Conservancy District water banking has supported irrigation
