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    OFF-MARKET
    Land

    1398 Curry Rd, Melrose, NM 88124

    648 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 648 ac (28,226,880 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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