14525 Hwy 187 Hwy, Caballo, NM 87931
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
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Property description
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