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Property profile & analytics
OFF-MARKET
Land

3406 Us 64 Waterflow, NM 87421

Property ID
Property summary
AI-generated overview

This exceptional 22.7-acre farm in Waterflow, New Mexico, presents a unique investment opportunity. The property boasts approximately 17 acres of productive grassland and pasture, irrigated by the Jewett Valley Ditch, a concrete-lined ditch with a high irrigation priority dating back to 1878. The existing irrigation infrastructure includes a headgate, multiple valves, and piping. The land is thoughtfully cross-fenced for efficient livestock rotation and management. An additional approximately 4 acres, located north of the ditch, are non-irrigated and offer potential for future development, perhaps as a building site. Utilities are readily available, with access to electricity and two Lower Valley Water lines, complete with a meter. Existing infrastructure includes corrals, pens, feeders, a frost-free spigot, and a Richie 4-hole waterer, ensuring year-round livestock management capabilities. The property enjoys significant highway frontage of approximately 895 feet along US 64, with additional access points from Road 6900 on the northeast corner and northern boundary. The asking price is $375,000. Please note that mineral rights are not included in the sale. The property's address is 3406 US 64, Waterflow, NM 87421. This is a rare opportunity to acquire a well-maintained and productive farm with excellent access and infrastructure.

Property profile
Verified
Property type Land
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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