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    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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