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    246 Capitan Capitan, NM 88316

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

    Current Use by Public Records

    • Land

    Property Details for 246 Capitan

    Lot size
    285.70 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 285-acre property, situated one mile north of Capitan, New Mexico, presents a rare opportunity for discerning buyers. Boasting captivating views of the Sierra Blanca, Capitan Mountain Range, and Nogal Peak, this land offers unparalleled scenic beauty. Its location within State Hunting Unit 37 makes it a haven for hunters seeking prime elk hunting grounds, while its suitability as excellent grazing land adds further appeal. The property's zoning permits residential use, opening doors to diverse development possibilities. Imagine building your dream home amidst this breathtaking landscape, enjoying the tranquility of nature while still being conveniently located just 15 miles from the resort town of Ruidoso. Recreational opportunities abound, with the land well-suited for ATV riding, horseback riding, hiking, and various other outdoor pursuits. The combination of stunning natural beauty, prime hunting location, and significant development potential makes this a truly unique investment opportunity. The asking price is $1,800,000. This is a chance to own a piece of New Mexico's unspoiled wilderness.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Capitan
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.313
    Latitude
    33.8101

    Comparable in this City

    • Value Estimation by Request
      285.68 Acres

      Tbd 246 Hwy

      Farms • 285.68 Acres
      0 Tbd 246 Hwy, Capitan, NM 88316
      View Details
    • Value Estimation by Request
      0.33 Acres

      1106 Ave

      Land • 1,320 SF
      1106 Ave, Carrizozo, NM 88316
      View Details
    • Value Estimation by Request
      980 SF

      Capitan, NM 88316

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      Capitan, NM 88316
      View Details
    • Value Estimation by Request
      456 SF

      Capitan, NM 88316

      MOBILE HOME PARK, TRAILER PARK • 456 SF
      Capitan, NM 88316
      View Details
    • Value Estimation by Request
      1,440 SF

      Friedenbloom Dr

      MOBILE HOME PARK, TRAILER PARK • 1,440 SF
      Friedenbloom Dr, Capitan, NM 88316
      View Details
    • Value Estimation by Request
      896 SF

      202 Bancroft Rd

      MOBILE HOME PARK, TRAILER PARK • 896 SF
      202 Bancroft Rd, Capitan, NM 88316
      View Details

    Similar Nearby for Sale

    • $1,800,000
      285.68 Acres

      Capitan Ranch: 285 Acres

      Prime NM Ranch Land, Stunning Views
      0 Tbd 246 Hwy, Capitan, NM 88316
      View Details
    • $269,000
      3,400 SF

      Capitan Church - $269,000

      Versatile 3,400 sq ft church building on 1.2 acres.
      553 Nm-48, Capitan, NM 88316
      View Details
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    246 Capitan
    Capitan, NM 88316
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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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