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Property profile & analytics
OFF-MARKET
Land

0 Doubletree St Las Cruces, NM 88012

Property ID
Property summary
AI-generated overview

This exceptional 145-acre agricultural property, known as Jornada Orchard, presents a compelling investment opportunity in Doña Ana County, New Mexico. Located conveniently off Doubletree Street, between the end of Holman Road and D065, the orchard boasts approximately 3000 mature pecan trees. The property benefits from a robust irrigation system, encompassing both drip and flood irrigation, supported by a substantial water right of 145 acres. This water right is further detailed as 4.5 FDR and 2.6 CIR. The property's well, LRG-00501-S, boasts a high priority date of 1954 and has recently undergone upgrades, ensuring reliable water access. The legal description of the land is precisely defined as the Southeast quarter (SE 1/4) of Section 35, Township 20 South, Range 2 East, encompassing the well LRG-00501-S. This turnkey operation offers immediate income potential and long-term growth prospects in a desirable agricultural region. The asking price for this productive and well-maintained orchard is $1,299,000. The property's location in Las Cruces, New Mexico, zip code 88012, provides easy access to local amenities and transportation networks. This is a rare opportunity to acquire a highly productive and established agricultural asset with a strong history and significant future potential.

Property profile
Verified
Property type Land
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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