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    OFF-MARKET
    Land

    0 Roosevelt Road K, Portales, NM 88130

    162 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 162-acre farm presents a unique investment opportunity in Roosevelt County, New Mexico. Situated southeast of Portales, this property boasts significant irrigation infrastructure. Approximately 60 acres are equipped with an efficient irrigation system, powered by four wells with a combined output of approximately 200 gallons per minute. This water supply feeds a modern center pivot irrigation system, ensuring consistent and effective watering of the crops. The pivot system offers convenient access from all sides for ease of maintenance and operation. The property's address is 0 S Roosevelt Road K, Portales, NM 88130, and is conveniently located for efficient farming operations. The land is classified as farmland, offering significant potential for agricultural production. The asking price for this remarkable property is $406,750. This represents a compelling opportunity to acquire a well-maintained and productive farm in a desirable location. The property's size and irrigation capabilities make it an ideal investment for experienced farmers or those seeking to expand their agricultural holdings. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 162 ac (7,056,720 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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