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    2300 Veater St Truth or Consequences, NM 87901

    • Land
    • 42.85 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2300 Veater St

    Lot size
    42.85 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 42.85-acre farm in Truth or Consequences, New Mexico, presents a compelling investment opportunity. Located at 2300 Veater Street, Sierra County, zip code 87901 (33.1176078, -107.278209), this property offers significant agricultural potential. Currently utilized for alfalfa hay production, the land boasts substantial irrigation rights, amounting to 120 acre-feet per annum. This ensures a reliable water supply for consistent crop yields. The property's advantageous location includes a significant portion bordering a river, offering additional natural resources and potential benefits. The asking price for this productive farmland is $600,000. This represents a unique chance to acquire established agricultural land with proven productivity and substantial water rights in a desirable New Mexico location. The property is being sold as land only. Serious inquiries are encouraged. Buyers are responsible for conducting their own due diligence.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Truth or Consequences
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.278
    Latitude
    33.1176

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    2300 Veater St
    Truth or Consequences, NM 87901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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