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Property profile

TBD-2 Crk 51 Las Vegas, NM 87701

OFF-MARKET
Land
1935 ac lot
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Property summary

AI-generated overview

This exceptional 1,935-acre ranch, located in San Miguel County, New Mexico, near Las Vegas, presents a unique investment opportunity. The property, identified as TBD-2 CR 51, is ideally suited for both cattle ranching and hunting pursuits. Its expansive acreage provides ample space for grazing livestock and diverse wildlife habitats. The land is situated at 35.5939574 latitude and -105.2238868 longitude, offering convenient access via CR 51. The asking price for this substantial property is $2,300,000. Given its size and location in the desirable Las Vegas, NM area (zip code 87701), this ranch represents a compelling acquisition for those seeking a significant landholding with established uses. The property's potential extends beyond its current applications, offering opportunities for further development and diversification. Detailed surveys and assessments are recommended to fully explore the property's potential. Serious inquiries are encouraged to schedule a viewing and discuss the specifics of this remarkable land opportunity. This is a rare chance to own a substantial piece of New Mexico's landscape, combining the best of rural living with significant investment potential. The property is being offered as-is.

Property profile

Verified
Property type Land
Lot 1935 ac (84,288,600 SF)

Cap rate & NOI

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

Location

TBD-2 Crk 51 Las Vegas, NM 87701
Las Vegas metro
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Value estimations

Realmo proprietary · 4 methods
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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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