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Property profile

Queen New Mexico Xxx Rd Carlsbad, NM 88220

OFF-MARKET
Land
72680 ac lot

Property summary

AI-generated overview

Exceptional opportunity to acquire the Rawhide Canyon Ranch, a sustainable cattle operation encompassing 72,680 acres in Eddy County, New Mexico, southwest of Carlsbad. This expansive property features 380 acres of deeded land and a substantial 72,300-acre grazing permit within the Lincoln National Forest, granting a permitted carrying capacity of 806 Animal Unit Equivalents year-round. Situated at an elevation of 5,800 feet on the northern slope of the Guadalupe Mountains, the ranch boasts abundant grama grass and pinion trees, providing excellent year-round grazing. Extensive improvements include over 40 miles of upgraded pipeline supplying water to 45+ tanks across nine pastures and four traps, all sourced from permitted springs and two wells. The ranch also features miles of upgraded boundary and pasture fences, a modular home, a single-wide trailer, a shop/office/bunkhouse building, and corrals. A good gravel road provides access suitable for semi-trucks. The 10-year grazing permit, renewable in 2032, is tied to the deeded acreage, ensuring long-term operational stability. The ranch's efficient operation minimizes costs, requiring only minor supplemental feeding, and benefits from modern genetics resulting in steer calves weighing 550 to 600 lbs at weaning. Annual Forest Service grazing permit fees for 2023 were $13,057.20, and estimated real estate taxes are $2,106.72. The property's natural boundaries include the upper rim of Upper Dog Canyon on the southwest side. This rare offering presents a unique opportunity to own a large-scale, economically viable cattle ranch with exceptional potential for growth and profitability. Asking price: $5,950,000.

Property profile

Verified
Property type Land
Lot 72680 ac (3,165,940,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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