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Property profile & analytics
OFF-MARKET
Land

3778 Lot 259A Rd Farmington, NM 87401

Property ID
Property summary
AI-generated overview

This exceptional 43,560 square foot lot, identified as LOT 259A ROAD 3778, presents a compelling investment opportunity in the desirable Morningstar Town Ranches Subdivision of Farmington, New Mexico. Located in San Juan County, with a zip code of 87401, this expansive parcel offers significant potential for development. The property boasts convenient access to Farmington's shopping and amenities, further enhanced by the upcoming completion of the Road 3900 bypass, which will significantly reduce travel times. Utilities are readily available at the street, simplifying the development process. Protective covenants are in place, ensuring the maintenance of property values and community standards. The asking price for this remarkable land parcel is $32,500. This represents a rare chance to acquire a substantial lot in a growing area, poised for future appreciation. The property's size and location make it ideal for a variety of development projects, offering a strong return on investment for the discerning buyer. The coordinates for this property are latitude 36.7528465 and longitude -108.1135043. Natural gas is now available in Morningstar Town Ranches.

Property profile
Verified
Property type Land
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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