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    OFF-MARKET
    Land

    2401 State Hwy 252 Hwy, House, NM 88121-9713

    123 ac lot
    Property ID
    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
    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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