0 Cypress Blvd Los Lunas, NM 87031
Exceptional investment opportunity: 24 acres of build-ready residential land in Los Lunas, New Mexico, are available for $6,825,000. This prime development boasts 105 pre-engineered sites, each with underground utilities (water, sewer, gas, electricity, high-speed internet) already installed. Lot sizes range from approximately 0.14 to 0.25 acres, averaging 53' x 100', exceeding compaction testing for immediate construction. Builders can proceed directly to vertical construction with no dirt removal required. The property's strategic location offers easy access to essential shopping (under 10 minutes), I-25 (10 minutes), Albuquerque International Airport (20 minutes), and I-40 (35 minutes). Nearby schools include Anne Parish Elementary (2 miles), Desert View Elementary (6.5 miles), Valencia Middle School (7 miles), and Valencia High School (7.5 miles). An additional ±76 acres with potential for 600 more lots is also available. This development presents a unique opportunity for immediate construction and significant return on investment. The property is located in Valencia County, New Mexico, with the address listed as Cypress Blvd, Los Lunas, NM 87031.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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