5 Acres Nm 94 Rd Sapello, NM 87745
This exceptional 5-acre parcel of land is ideally situated on NM 94 in the charming town of Manuelitas, San Miguel County, New Mexico. The property boasts a tranquil, mostly forested setting, offering a peaceful escape from city life. Priced affordably at $45,000, this land presents a unique opportunity for those seeking a secluded retreat or a canvas for their future development plans. The absence of utilities provides flexibility for custom installations tailored to individual needs. Importantly, there are no restrictive covenants or homeowner's association fees, granting complete autonomy over the property's use and development. The property's address is 5 Acres NM 94 Road, Sapello, NM 87745, with GPS coordinates of 35.8505579 latitude and -105.3278681 longitude. This location offers a blend of seclusion and accessibility, with the convenience of nearby Sapello. Buyers are encouraged to conduct their own due diligence regarding potential utility connections and development regulations. This is a remarkable opportunity to own a piece of New Mexico's natural beauty at an attractive price point.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.