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    34 Legend Ln Ln Fence Lake, NM 87315

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

    Current Use by Public Records

    • Land

    Property Details for 34 Legend Ln Ln

    Lot size
    38.84 lot acres
    Property type
    Land

    Description

    This exceptional 38.84-acre parcel of land is located at 34 Legend Lane, Fence Lake, New Mexico, 87315. Situated in Cibola County, this property presents a unique opportunity for various development projects. The expansive lot offers ample space for a wide range of uses, from residential construction to agricultural pursuits or recreational endeavors. The property's location in Fence Lake provides a tranquil setting while still offering convenient access to essential amenities and services. With its generous size and desirable location, this land presents a compelling investment opportunity for those seeking a substantial property in a peaceful New Mexico setting. The coordinates for the property are 34.7157633 latitude and -108.6513563 longitude. The asking price for this remarkable piece of land is $39,900. This represents a significant value for the acreage offered, making it an attractive proposition for both individual investors and larger development companies. Serious inquiries are encouraged to explore the potential of this exceptional property. The property is classified as land and offers significant potential for future development and growth. The seller is motivated and ready to negotiate.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fence Lake
    County
    Cibola
    State
    New Mexico
    Longitude
    -108.651
    Latitude
    34.7158

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      Tbd Crk 33

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      32,300 SF

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    34 Legend Ln Ln
    Fence Lake, NM 87315
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    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
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