Property profile

0000 Rr Portales, NM 88130

OFF-MARKET
Land
622 ac lot
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Property summary

AI-generated overview

This exceptional 622-acre land parcel presents a compelling investment opportunity in Roosevelt County, New Mexico. Located near Portales, NM, with the address 0000 S Rr W, zip code 88130 (latitude 34.1129091, longitude -103.4224663), this expansive property offers significant potential for various uses. The land is currently fenced with barbed wire, providing a degree of security and defining the boundaries. A key feature is an existing well equipped with a ½ horsepower pressure pump, offering a valuable water source. The asking price for this substantial land holding is $389,900. Given its size and existing infrastructure, this property is well-suited for a range of agricultural, recreational, or development projects. The property's location in Roosevelt County provides access to local amenities and transportation networks. Further details regarding the property's zoning and potential uses are available upon request. This is a rare opportunity to acquire a large tract of land in a desirable location, offering considerable potential for future growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this unique property. Contact us today to schedule a viewing and discuss the potential of this remarkable land offering.

Property profile

Verified
Property type Land
Lot 622 ac (27,094,320 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

0000 Rr Portales, NM 88130
Portales metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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