Property profile

3260 Nm 114 Causey, NM 88113

OFF-MARKET
Land
5185.45 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity encompassing 5,185.45 acres of diverse land in Roosevelt County, New Mexico, near Causey (zip code 88113). This expansive property includes a substantial block of over four sections of deeded land, complemented by an additional 480 acres of state land. The land boasts a variety of features, including five water tanks and two wells, interconnected by pipelines for efficient water distribution. Wildlife is abundant, with a notable population of mule deer and antelope, alongside coyote, quail, and dove. Agricultural potential is significant, with one block featuring a section and a quarter of farmland currently planted in wheat, alongside a quarter section of grassland and two stock wells. Another area comprises 390 acres of grassland, enhanced by 160 acres of irrigated water rights and a well. Two separate half sections of grassland are also included. The property further benefits from a ranch house, a 50' x 100' shop, and a complete set of pens for livestock sorting and shipping, all situated alongside additional farmland and grassland. This comprehensive offering presents a unique chance to acquire a substantial and versatile property in Eastern New Mexico, with all land, buildings, and water infrastructure included in the asking price of $5,200,000.

Property profile

Verified
Property type Land
Lot 5185.45 ac (225,878,202 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3260 Nm 114 Causey, NM 88113
Causey metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

3 recent transactions · within 1.5 mi
Comparable in this city
3 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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