Tract 3 Benavidez Rnch Rio Rancho, NM 87124
- Land
- 402.00 lot acres
Current Use by Public Records
- Land
Property Details for Tract 3 Benavidez Rnch
- Lot size
- 402.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 402-acre property, known as Benavidez Ranch Tract 3, presents a unique investment opportunity in Sandoval County, New Mexico. Located just 20 miles from downtown Albuquerque and boasting a Rural Residential-Agriculture zoning designation (APN: R183176), this land offers diverse development possibilities. Priced at $361,800 ($900/acre), the property has a rich history, originally granted by the King of Spain and owned by the same family for generations. Currently, the land is utilized for grazing, having been leased for decades, demonstrating its suitability for agricultural purposes. The terrain is characterized by rolling hills descending towards the Rio Puerco River Basin. Convenient access is provided via a county road. Furthermore, active water wells are situated in the immediate vicinity, offering a significant advantage for potential development projects. This expansive tract combines historical significance with practical utility, making it an attractive proposition for investors seeking a blend of agricultural and residential potential in a desirable New Mexico location. The property's address is Benavidez Ranch Tract 3, Albuquerque, NM 87124.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Rancho
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.697
- Latitude
- 35.2416
