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 Market102
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
Changed: Aug 19
Last Checked: Sep 26 at 3:06PM
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 agricultural property contains 57.45 acres arranged across 11 combined parcels in the Lemitar Valley. The land was formerly operated as a green chile farm, and annual water banking through the Middle Rio Grande Conservancy District has supported irrigation. The acreage is associated with potential agricultural concepts including diversified crops, specialty organics, orchards, and vineyards, as well as a private ranch retreat.
The property is located on Many Trcts Olive Lane in Lemitar, Socorro County, New Mexico, within ZIP Code 87823. Its valley setting and prior farm use provide context for evaluating future agricultural or rural land plans.
The property is located on Many Trcts Olive Lane in Lemitar, Socorro County, New Mexico, within ZIP Code 87823. Its valley setting and prior farm use provide context for evaluating future agricultural or rural land plans.
Key Highlights
- 57.45 acres across 11 combined parcels
- Former green chile farm in the Lemitar Valley
- Annual water banking through the Middle Rio Grande Conservancy District
Property Analytics
Current Use
Lease Details
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
14
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 - Agricultural land supported by Middle Rio Grande Conservancy District water banking and irrigation history.
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 acres across 11 combined parcels; Former green chile farm in the Lemitar Valley; Annual water banking through the Middle Rio Grande Conservancy District
