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Property profile & analytics
OFF-MARKET
Land

2 Acres Tbd Savoya Rd Ramah, NM 87020

2.1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.1-acre property in Ramah, New Mexico, presents a remarkable opportunity for those seeking a tranquil escape in the heart of nature. Located approximately one mile north of Route 53, beyond the end of Savoya Drive, this elevated parcel offers breathtaking panoramic views of the Ramah Valley, Ramah Lake, and the expansive New Mexico sky. The land is primarily wooded, featuring cedar and pine trees, and provides habitat for a variety of wildlife, including deer, elk, and occasional mountain lions. Utilities are readily available, with existing electric power and a well capable of producing 2 gallons per minute, supplemented by a water tank system. Access is provided via a road from the highway to the property's southern boundary, which is partially fenced with a 4-wire fence. While offering significant potential for residential development, prospective buyers should be aware that the property is subject to various easements, covenants, and restrictions detailed in McKinley County records. Water rights are appurtenant to the property, subject to adjudication under the Zuni River Basin Adjudication. Soil conditions vary, requiring a thorough evaluation for any construction planning due to the presence of expansive clay in certain areas. This unique property combines natural beauty with essential utilities and legal considerations, making it an attractive investment opportunity. Seller financing may be available with a substantial down payment.

Property profile
Verified
Property type Land
Lot 2.1 ac (91,476 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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