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Property profile & analytics
OFF-MARKET
Land

1927/1929 Broadway Ave Bloomfield, NM 87413

Property ID
Property summary
AI-generated overview

This exceptional 70.32-acre (±) property in Bloomfield, New Mexico, presents a unique investment opportunity. Located at 1927/1929 W Broadway Avenue, this expansive parcel straddles the city and San Juan County lines. The front 14.537 acres, situated within Bloomfield city limits, offers potential for commercial or residential development, with existing utilities and landscaping, including functional underground piping. The remaining acreage, primarily in San Juan County, boasts barns, a house foundation (with a potential building pad), pastureland, several ponds, and fields. The property includes approximately 38-39 acres of adjudicated "old priority" water rights with gravity flow irrigation (buyer verification required with the NM State Engineer's office). These ponds provide water for livestock and fishing. Currently, sections of the land are planted in alfalfa, generating income. Other areas serve as pasture for livestock. The rear section remains in its natural state, attracting wildlife. Improvements include a large shop, barn, pipe-fenced horse stalls, storage units with covered vehicle/equipment storage, a goat pen, chicken coop, batting cage, and a tennis court. The front section has potential access to Bloomfield's sewer system

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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