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    OFF-MARKET
    Land

    2300 Veater St, Truth or Consequences, NM 87901

    42.85 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 42.85 ac (1,866,546 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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