3782 Lot 163 Rd Farmington, NM 87401
This exceptional 87,120 square foot lot, located at LOT 163 ROAD 3782, Farmington, NM 87401, presents a unique opportunity for building your dream home. Priced at $35,000, this 2.03-acre parcel is situated within the Morningstar Town Ranches community, a rapidly developing area. A significant advantage is the recent installation of natural gas lines, a game-changer for the neighborhood. Utilities are conveniently located in the street, simplifying the construction process. The ample space allows for the creation of a substantial home with plenty of room for landscaping and outdoor living. The property's location offers future convenience, with shopping expected to be just minutes away once the bridge connecting Main and 3900 is completed. This lot is situated in San Juan County, New Mexico, and offers a compelling investment opportunity in a growing community. The coordinates are 36.7582624 latitude and -108.1167393 longitude. Don't miss this chance to secure your piece of land in this desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.