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    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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