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Property profile & analytics
OFF-MARKET
Land

21 Hc 69 Canoncito, NM 87745

1.63 ac lot
Property ID
Property summary
AI-generated overview

This 1.63-acre lot presents a unique opportunity in the desirable Sapello area of San Miguel County, New Mexico. Located at HC 69 Box 21c Road, with a zip code of 87745, this property boasts stunning views, approximately fifteen miles north of Las Vegas, NM. The land itself is primarily grassland interspersed with mature trees, providing a picturesque setting. While the property is being sold as land, it currently includes two existing structures: a house lacking a roof and a dilapidated garage. These structures are considered untenantable and are not factored into the asking price of $29,900. Buyers should be aware that these structures will require significant demolition or renovation. The property's latitude and longitude coordinates are 35.8122116 and -105.336536 respectively. This location offers a blend of rural tranquility and convenient access to nearby amenities. The property is ideal for those seeking a blank canvas to build their dream home or for investors looking for a potential development opportunity. The expansive views and natural beauty make this a truly exceptional piece of New Mexico land. Serious inquiries are encouraged. The property is located in Canoncito, NM, within San Miguel County.

Property profile
Verified
Property type Land
Lot 1.63 ac (71,003 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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