TBD-2 Crk 51 Rd Las Vegas, NM 87701
This exceptional 2,578-acre ranch near Las Vegas, New Mexico, presents a unique investment opportunity. Located in San Miguel County (zip code 87701), the property boasts diverse terrain, ranging from open meadows to rimrock canyons and dense forests of ponderosa, cedar, and juniper trees. Las Cuevas, Isidio, Santiago, and Higgins Canyons traverse the land, providing natural shelter for both livestock and wildlife. The ranch historically supported cattle grazing, aided by abundant gramma grass and several dirt tanks. A centrally located solar-powered stock well provides water to select areas. The property's accessibility is enhanced by a network of trails and internal roads. Bordering 920 acres of state land (leased for grazing until September 2028) and the 29,000-acre Sabinoso Wilderness, this location offers unparalleled privacy and recreational potential. Situated in NM GMU 42, the ranch offers excellent hunting opportunities for elk, mule deer, turkey, and black bear, with over-the-counter, unlimited elk tags available. The modest elevation and terrain make the entire property easily accessible. This is a remarkable opportunity for those seeking a secluded, expansive ranch with abundant wildlife and recreational possibilities. The asking price is $2,850,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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