2300 Veater St, Truth or Consequences, NM 87901
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.