1927/1929 Broadway Ave Bloomfield, NM 87413
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
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.