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    OFF-MARKET
    Land

    24 Davis Trl, Rodeo, NM 88056

    Built 1980
    Property ID
    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
    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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