6950B Corrales Rd Corrales, NM 87048
This exceptional 44,866 square foot ranch property presents a unique opportunity in the desirable Corrales, New Mexico area. Located at 6950B Corrales Road, zip code 87048, this land offers unparalleled privacy and breathtaking views, with the Rio Grande River as a natural backdrop. The absence of neighboring properties between the land and the river ensures a tranquil and secluded setting. All utilities are conveniently available on-site, simplifying development plans. The property is classified as both Farm and Ranch land, providing versatility for various uses. Its prime location in Corrales combines the serenity of rural living with easy access to the amenities of a vibrant community. The expansive lot size provides ample space for a variety of projects, from building a custom home to establishing a small farm or ranch operation. This is a rare opportunity to acquire a substantial piece of land in a highly sought-after area of New Mexico, offering both privacy and convenience. The asking price for this remarkable property is $410,000. Don't miss this chance to own a piece of Corrales' natural beauty.
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.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.