488 Ice Caves Rd San Rafael, NM 87051
This exceptional 29.486-acre property located at 488 Ice Caves Road, San Rafael, New Mexico, 87051, presents a unique opportunity for agricultural pursuits or diverse development. Currently established as an alfalfa farm, the land boasts existing infrastructure including a well providing reliable water access and readily available electricity. Conveniently situated near town, off South 53, the property offers easy access to essential services and amenities. Existing storage facilities are in place, ideal for hay and equipment, providing immediate practicality for farming operations. The expansive acreage offers endless possibilities beyond farming, allowing for creative exploration of various land uses. The property's location in Cibola County, New Mexico, provides a tranquil setting while remaining conveniently close to San Rafael. The asking price for this remarkable property is $169,000. This is a rare chance to acquire a well-equipped and strategically located parcel of land with significant potential. The latitude and longitude coordinates are 35.0912283, -107.8844552 respectively. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.