649 Calle Del Norte Rd, Monticello, NM 87939
This exceptional 85.74-acre property, located at 649 Calle Del Norte Road in Monticello, New Mexico (zip code 87939), presents a unique opportunity. Situated just two miles from historic Monticello, the Monticello Canyon Ranch boasts a diverse landscape. The land includes a mix of flat pastureland ideal for farming or orchards, complemented by stunning views and dramatic canyon walls on three sides. The abundant wildlife, including mule deer and javelina, finds refuge in the dense thickets along the canyon drainage areas. Approximately seven acres are particularly suitable for cultivation, given the area's prolific fruit trees. Water resources are secured by an 85-foot deep well accessing the Monticello Canyon aquifer, known for its pure water supply. Three large water collection tanks are already in place. The property is fully fenced and features an initial graded road winding through the western pasture to a potential homesite offering breathtaking valley views. Power lines are conveniently located near this potential homesite. This property is priced at $225,000. Sierra County location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.