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    2 Tbd Morrow Dr Thoreau, NM 87323

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Tbd Morrow Dr

    Property type
    Land

    Description

    This .34-acre lot in the serene Bluewater Estates of Thoreau, New Mexico (87323), offers an exceptional opportunity to build a primary residence or a tranquil vacation retreat. Located on LOT 2 Tbd Morrow Drive, McKinley County, this property boasts convenient proximity to the stunning Bluewater Lake, perfect for fishing, boating, hiking, and picnicking. Enjoy easy access via well-maintained roads, ensuring smooth travel year-round. Electricity is readily available nearby, simplifying the development process. The lot is nestled within the natural beauty of New Mexico, providing peace, privacy, and gorgeous views. This is an ideal investment for those seeking a slice of tranquility near one of New Mexico's hidden gems. The property's latitude and longitude coordinates are 35.3023238, -108.1483391 respectively. This exceptional location presents endless possibilities for building your forever home, a vacation escape, or simply securing a valuable land investment. Don't miss this chance to own a piece of paradise in Bluewater Estates.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thoreau
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.148
    Latitude
    35.3023

    Comparable in this City

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      2.00 Acres

      Tbd Swordfish Dr

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      5.18 Acres

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      5.62 Acres

      23 Seewald Est

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    • Value Estimation by Request
      1.26 Acres

      140 Hwy

      Land • 1.26 Acres
      140 Hwy, Thoreau, NM 87323-0000
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    2 Tbd Morrow Dr
    Thoreau, NM 87323
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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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