Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2401 State Hwy 252 Hwy House, NM 88121-9713

    • Land
    • 123.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2401 State Hwy 252 Hwy

    Lot size
    123.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    House
    County
    Quay
    State
    New Mexico
    Longitude
    -103.903
    Latitude
    34.676
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2401 State Hwy 252 Hwy
    House, NM 88121-9713
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.