0 16.46+/-Ac Near Sheridan Las Vegas, NM 87701
This exceptional 16.46+/- acre parcel presents a unique investment opportunity in San Miguel County, New Mexico. Located near Sheridan, NM, this property boasts a rich history, situated close to the railroad tracks and the ruins of the Ojita, NM train station. The land offers significant potential for various development projects, capitalizing on its proximity to Highway 84. While electricity is available on-site, it requires a transformer installation. Essential infrastructure improvements, including a well and septic system, are needed to fully realize the property's potential. The expansive acreage provides ample space for a variety of uses, from residential to commercial development, subject to local zoning regulations. The asking price is $72,500. This is a rare chance to acquire a substantial piece of land with historical significance in a desirable New Mexico location. The property's address is listed as 16.46+/-ac Near Sheridan, with a zip code of 87701. The coordinates are 35.5939574 latitude and -105.2238868 longitude. Buyers are responsible for conducting their own due diligence regarding zoning, permitting, and utility connections. This property is sold as-is.
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.