Property profile

2401 State Hwy 252 Hwy House, NM 88121

OFF-MARKET
Land
123 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 123 ac (5,357,880 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2401 State Hwy 252 Hwy House, NM 88121-9713
House metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

1 recent transactions · within 1.5 mi
Comparable in this city
1 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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