638 Nm 236 Hwy Floyd, NM 88118
This exceptional 1,500-acre farm in Roosevelt County, New Mexico, presents a unique investment opportunity. The property boasts five 120-acre circular fields and one 100-acre circular field, all highly productive. Currently producing alfalfa hay (consistently testing over 200 RFV) and green chop wheat, this well-established operation offers significant income potential. The farm includes four homes, providing ample living space for owners or employees. Infrastructure is robust, featuring two shop buildings equipped with rolling chain hoists, an enclosed storage barn with cement footers, and corral pens at two locations. A significant advantage is the irrigation system, comprising six sprinklers (including models from 2006, 2012, two from 2021, and a new 2024 model, plus a 1995 Lockwood sprinkler), all equipped with AgSense panels for remote monitoring and control via a phone app. The 350 acres of alfalfa are currently in their second year. Additional amenities include an indoor pool and hot tub, enhancing the property's overall appeal. The property's location in Floyd, NM, zip code 88118, offers easy access to local amenities and transportation routes. This turnkey operation is ready for immediate production and presents a compelling investment opportunity for agricultural entrepreneurs. The additional barn features a cable-operated lift for mezzanine storage. This is a rare opportunity to acquire a highly productive and well-maintained farm with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 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.