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    Specialty properties

    14525 Hwy 187 Hwy, Caballo, NM 87931

    2.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.4-acre property in Caballo, New Mexico, offers breathtaking views of Caballo Lake and the surrounding mountains. Priced at $219,000, this recreational land presents a unique opportunity for those seeking a tranquil escape or a prime building site. The land boasts existing infrastructure including well water, septic, and electricity, simplifying the development process. An additional RV spot is already established, adding to the property's versatility. A variety of existing structures are on-site, including a shop, storage shed, and a substantial 48 x 48 foot tall metal structure with potential for conversion into a barndominium or residence. The property is fully fenced and bordered by Bureau of Reclamation (BOR) land, ensuring lasting preservation of the picturesque views. This location in Sierra County, New Mexico (zip code 87931), provides a peaceful setting with easy access to outdoor recreation. The property's address is 14525 Highway 187 Highway. Don't miss this chance to own a piece of New Mexico paradise. Pictures are available for review.

    Property profile
    Verified
    Property type Specialty properties
    Lot 2.4 ac (104,544 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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    CAP Approach CAP
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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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