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Property profile & analytics
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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