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Property profile & analytics
OFF-MARKET
Land

0 Nm - 603 Rd Pie Town, NM 87829

3625 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3,625-acre property, known as Panther Canyon Ranch, presents a unique investment opportunity in Catron County, New Mexico. The ranch boasts 1,280 acres of deeded land, complemented by a 2,185-acre BLM lease and a 160-acre state land lease, offering expansive possibilities. Situated south and east of NM Highway 36 and State Road 603, at the base of Mariano Mesa, the land showcases a diverse landscape of meadows, trees, mountains, and mesas. Water sources include one solar well and one windmill, providing sufficient water for livestock and wildlife. The property features remarkable rock formations within Panther Canyon, and offers breathtaking views from virtually every vantage point. Located in Game Unit 12, renowned for trophy elk and exceptional hunting, the ranch is frequented by elk, mule deer, and pronghorn. The property has historically been included in a family landowner tag program; however, the new owner will need to apply for their own tags. The sale includes BLM grazing allotments 10068 and 00090, along with State lease GR 14430. Access is via an existing two-track road traversing state land. Offered at under $800 per deeded acre, this is a remarkable opportunity to own a substantial and secluded New Mexico ranch. The asking price is $999,000.

Property profile
Verified
Property type Land
Lot 3625 ac (157,905,000 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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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