Property profile

24 Davis Trl Rodeo, NM 88056

OFF-MARKET
Land
Built 1980
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Property summary

AI-generated overview

This exceptional 435-acre commercial property in Rodeo, New Mexico, presents a unique investment opportunity. The land features a substantial 5,600-foot-long by 100-foot-wide compacted dirt runway, ideal for various aviation-related ventures. The property also includes a spacious 1,800 square-foot, three-bedroom, two-bathroom residence, providing comfortable on-site living. A significant 7,000 square-foot hangar/office/warehouse/workshop unit is also included, equipped with a large 48-foot-wide by 22-foot-high metal bi-fold hangar door. The property boasts approximately 40 shade trees surrounding the residential unit, complemented by an irrigation system. The land sits at an elevation between 4,100 and 4,150 feet, offering a relatively level terrain naturally covered in desert shrub and mesquite. Infrastructure includes a 200-gallon water storage tank on metal piers, a 100-gallon gasoline storage tank, and an electronically controlled beacon atop the hangar. The asking price is $395,000, and seller financing may be considered. This property is located at 24 Davis Trail, Rodeo, NM 88056, in Hidalgo County. The property was built in 1980.

Property profile

Verified
Property type Land
Year built 1980

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24 Davis Trl Rodeo, NM 88056
Rodeo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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