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Property profile & analytics
OFF-MARKET
Land

147 Ac. Lexco Rd Moriarty, NM 87035

147.18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 147.18-acre property, located at 147 Ac. Lexco Rd. in Moriarty, New Mexico, presents a compelling investment opportunity. Situated conveniently near the intersection of Lexco Road and Route 66, this expansive land parcel offers significant potential for diverse development projects. Currently zoned I1, the property allows for the filing of applications for desired zoning changes, opening up a range of possibilities for future use. The location within Moriarty city limits ensures access to nearby utilities, simplifying infrastructure development. The asking price for this substantial land holding is $570,000. Given its size, location, and zoning flexibility, this property is ideally suited for investors seeking a large-scale project with considerable upside. The versatile nature of the land, encompassing residential, commercial, and agricultural subtypes, provides a broad spectrum of development options. Prospective buyers are encouraged to explore the possibilities this unique property offers within the thriving community of Moriarty, New Mexico, zip code 87035. The coordinates for this property are latitude 35.02588 and longitude -106.11805.

Property profile
Verified
Property type Land
Lot 147.18 ac (6,411,161 SF)
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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