1191 Xxx Rd, La Plata, NM 87418
This exceptional 43,560 square foot lot presents a unique opportunity in La Plata, New Mexico. Located at 1191 XXX ROAD, 87418, this property boasts breathtaking views with Bureau of Land Management land to the south, offering a tranquil and expansive setting. The land is ready for development, whether you envision constructing a custom home or placing a mobile home. While utilities are not directly on the property, electricity is nearby, and the seller is actively working with the La Plata Water Users Association to bring road access and water to the lot. A water meter will be required, and the cost should be confirmed directly with the La Plata Water Users Association. Septic installation will also be necessary. Conveniently located approximately 10 miles from Farmington, behind the La Plata Store, this property offers a blend of seclusion and accessibility. The seller is willing to consider a short-term real estate contract with an acceptable down payment. This is an ideal opportunity to acquire a substantial parcel of land in a desirable location and create your own private oasis. Don't miss out on this chance to build your dream home in the beautiful New Mexico landscape.
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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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.