Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1398 Curry Rd Melrose, NM 88124

    • Land
    • 648.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1398 Curry Rd

    Lot size
    648.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This expansive 648-acre farm, located at 1398 Curry Road Y in Melrose, New Mexico (zip code 88124), presents a compelling investment opportunity. Situated in Curry County, this property offers significant potential for agricultural endeavors. The land is classified as dryland and is currently enrolled in the Conservation Reserve Program (CRP) with seven years remaining in the contract. This provides immediate income potential while allowing for future planning and development. The property's precise coordinates are latitude 34.4635432 and longitude -103.4604908. The asking price for this substantial land holding is $599,000. Given its size and the remaining CRP contract, this farm represents a unique opportunity for investors seeking a stable, long-term agricultural investment in a desirable location west of Clovis, New Mexico. The property is ideal for various agricultural uses, subject to local regulations and zoning ordinances. Interested parties are encouraged to conduct their own due diligence to fully assess the property's potential and suitability for their intended purposes. Further details regarding the current CRP contract and its terms are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Curry
    State
    New Mexico
    Longitude
    -103.46
    Latitude
    34.4635

    Comparable in this City

    • Value Estimation by Request
      1,103,960 SF

      2880 Curry Rd Ah

      COMMERCIAL (GENERAL) • 1,103,960 SF
      2880 Curry Rd Ah, Melrose, NM 88124-9447
      View Details
    • Value Estimation by Request
      10,566 SF

      900 Denby Ave

      Individual retail properties • 10,566 SF
      900 Denby Ave, Melrose, NM 88124
      View Details
    • Value Estimation by Request
      4.00 Acres

      5256 State Hwy 209

      WAREHOUSE, STORAGE • 4.00 Acres
      5256 State Hwy 209, Melrose, NM 88124
      View Details
    • Value Estimation by Request
      10,566 SF

      800 Denby Ave

      Commercial real estate • 10,566 SF
      800 Denby Ave, Melrose, NM 88124
      View Details

    Similar Nearby for Sale

    • $599,000
      648.00 Acres

      648 Acre Dryland Farm

      Dryland farm with CRP program near Clovis, New Mexico.
      1398 Curry Rd, Melrose, NM 88124
      View Details
    • $649,999
      3,400 SF

      Melrose Ranch with Barn and Pond

      Spacious ranch on nearly 20 acres with barn and pond.
      3624 Curry 12 Rd, Melrose, NM 88124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1398 Curry Rd
    Melrose, NM 88124
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.