2401 State Hwy 252 Hwy, House, NM 88121-9713
This exceptional 123-acre property presents a unique investment opportunity in Quay County, New Mexico. Located just north of House, NM, at 2401 State Highway 252, this expansive land parcel boasts significant agricultural potential. The property includes valuable water rights, a crucial asset for successful farming and ranching operations in this region. A substantial portion of the land, specifically 34 acres, is currently enrolled in the Conservation Reserve Program (CRP) until September 2027, providing a consistent income stream and environmental benefits. The property's classification as both a farm and ranch makes it suitable for diverse agricultural uses, from livestock grazing to crop cultivation. The location offers convenient access via State Highway 252, providing easy transportation of goods and efficient management of the land. With its generous acreage, water rights, and CRP enrollment, this property represents a compelling investment for those seeking a productive and profitable agricultural venture in New Mexico. The zip code is 88121-9713. The property is situated at latitude 34.6760195 and longitude -103.9033586. This is a rare opportunity to acquire a substantial and well-situated agricultural property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.