34 Legend Ln Ln, Fence Lake, NM 87315
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.