4049 X Rd, Navajo Dam, NM 87419
This exceptional 18+ acre property, located at X ROAD 4049 in Navajo Dam, New Mexico, presents a unique investment opportunity. Listed at $80,000, this expansive 784,080 square foot parcel boasts a strategic location halfway between the Colorado border and the Navajo Lake Marina on NM 511. San Juan County has preliminary plans to subdivide the land into 18 individual RV spaces, making it ideally suited for development as an RV park or campground. The property is fully fenced and gated, enhancing security and privacy. Existing infrastructure includes two sizable sheds, a gravel driveway providing convenient access, and electricity already connected to a portion of the acreage. This ready-to-develop land offers significant potential for immediate income generation or long-term appreciation. The property's size, location, and existing infrastructure combine to create a compelling investment opportunity in a desirable area of New Mexico. The zip code is 87419. Detailed county subdivision plans are available upon request. This is a rare chance to acquire a substantial piece of land with pre-existing development plans in a recreational area. Don't miss this chance to capitalize on the growing demand for RV parks and outdoor recreation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.