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    OFF-MARKET
    Land

    16910 Stern Dr Vado, NM 88072

    207 ac lot
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    Property summary
    AI-generated overview

    Exceptional investment opportunity: 207± developable acres with substantial water rights (333± acres) in Doña Ana County, New Mexico. This former dairy operation boasts a highly desirable location in the rapidly growing El Paso/Las Cruces I-10 corridor, providing convenient access to Interstate 10 and NM Highway 227. The property includes 157± previously farmed acres readily adaptable for residential development. Existing improvements include a large custom home featuring an indoor pool, multiple barns (hay and equipment storage), a rodeo arena, and horse boarding facilities. The layout of the former dairy operation presents minimal obstacles to "shovel-ready" development. Abundant water rights ensure future development potential. This unique property offers a blend of agricultural and development potential, making it an attractive investment for various ventures. The property is located at 16910 Stern Dr, Vado, NM 88072.

    Property profile
    Verified
    Property type Land
    Lot 207 ac (9,016,920 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
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    Zoning & alternative use
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    Allowed · conditional · prohibited
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