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    34 Kelly Rd Rd Carlsbad, NM 88221

    • Land
    • 160.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 34 Kelly Rd Rd

    Lot size
    160.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 160-acre farm, situated south of Carlsbad, New Mexico, presents a unique investment opportunity. The property boasts 98 acres of irrigated land, currently leased and producing significant income. Approximately 66 acres are dedicated to alfalfa (second year of production), 11 acres to permanent pasture (grazed by cattle and horses), and 20 acres were recently used for cotton. Irrigation rights are secured through the Carlsbad Irrigation District, utilizing Pecos River water. A permit for a new supplemental well, or repair of an existing well, is also included. The property features a charming 2,500 sq ft, 3-bedroom, 3-bathroom ranch-style brick home with a 2-car garage, wood-burning fireplaces, and an expansive east-facing porch overlooking the farmland. Additional improvements include a well-equipped arena with lights and covered roping boxes, covered pens, a tack room, and a spacious irrigated grass field. Current income streams include a water-transfer contract averaging $170,000 annually for oil field use, $24,000 in annual rental income from the home, and $14,000 from farm lease, totaling approximately $208,000 in annual outside income. This property offers a compelling blend of agricultural potential, substantial income generation, and a comfortable, well-appointed home, making it an attractive investment with significant tax advantages due to depreciable assets. The property's location near the Pecos River provides additional appeal. This is an ideal opportunity for both established farmers and investors seeking a high-return, diversified portfolio addition.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.23
    Latitude
    32.42
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    34 Kelly Rd Rd
    Carlsbad, NM 88221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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