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OFF-MARKET
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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