4225 Qr 67 Tucumcari, NM 88401
This exceptional 115.5-acre property near Tucumcari, New Mexico, presents a wealth of opportunities. Located at 4225 Qr 67, Tucumcari, NM 88401, this expansive land boasts a diverse terrain, combining flat areas with rolling hills, and offers breathtaking views of Tucumcari Mountain. The rich red sandy loam clay soil is ideal for adobe brick making, while ample grassland provides potential for livestock grazing or leasing. A portion of the land has a history of irrigated farming, showcasing its versatility. Its proximity to both Conchas Lake (approximately 20 miles) and Ute Lake (approximately 25 miles) makes it attractive to outdoor enthusiasts. The area's history includes fossil discoveries on neighboring properties, adding a unique element to this already compelling offering. Furthermore, the property has attracted interest from solar developers, highlighting its potential for sustainable energy projects. This versatile land is perfect for building a dream home, pursuing agricultural endeavors, or exploring solar development. The possibilities are truly endless. The asking price for this remarkable property is $693,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.