3260 Nm 114, Causey, NM 88113
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
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.