21 Hc 69 Canoncito, NM 87745
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.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.