0 Doubletree St Las Cruces, NM 88012
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.