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Property profile & analytics
OFF-MARKET
Land

327 Roosevelt Road X Portales, NM 88130

788 ac lot
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity: a +/- 788-acre dairy and ranch property located at 327-399 S. Roosevelt Road X, Portales, New Mexico, 88130. This expansive property boasts a significant capacity for approximately 3,000 mature milk and dry cows, supported by a double 23-parallel milk parlor and a single 24-parallel hospital barn. The facility includes approximately 3,000 locking stanchions for mature cows and an additional 800 for heifers. Efficient feed storage is ensured with one six-bay commodity barn, two large hay barns, and one smaller hay barn. Approximately 400 acres are currently planted in corn and haygrazer. The property also features four homes: a custom home of approximately 4,000 square feet with a swimming pool, a second home, and two mobile homes. Two large shops are also situated on the property. This turnkey operation presents a rare opportunity to acquire a well-established and productive agricultural asset in Roosevelt County, New Mexico. The asking price is $3,600,000.

Property profile
Verified
Property type Land
Lot 788 ac (34,325,280 SF)
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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