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    Homestead Rd Fence Lake, NM 87315

    • Land
    • 13.30 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Homestead Rd

    Lot size
    13.30 lot acres
    Property type
    Land

    Description

    This exceptional 13.3-acre parcel of land presents a unique opportunity in Fence Lake, New Mexico. Located on W Homestead Road in Cibola County, this property boasts a tranquil setting, ideal for those seeking privacy and connection with nature. The land is well-treed with a mix of Pinon Pine and Juniper, providing a picturesque landscape. A perimeter fence adds to the property's security and privacy. The absence of a homeowner's association (HOA) and any restrictive covenants ensures complete freedom and flexibility for the buyer. The property's proximity to public land opens up a world of recreational possibilities, from hiking and exploring to hunting and off-road adventures. For those seeking a more convenient purchase, owner financing is available with a 25% down payment. The property's zip code is 87315, and its coordinates are 34.6683744 latitude and -108.7029701 longitude. This is a remarkable opportunity to acquire a substantial piece of land in a peaceful, natural setting at an attractive asking price of $20,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fence Lake
    County
    Cibola
    State
    New Mexico
    Longitude
    -108.703
    Latitude
    34.6684

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    Homestead Rd
    Fence Lake, NM 87315
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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