326b Nm-467 Portales, NM 88130
- Land
- 1,359.00 lot acres
Current Use by Public Records
- Land
Property Details for 326b Nm-467
- Lot size
- 1,359.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional agricultural property encompasses 1,359 acres in Roosevelt County, New Mexico, situated near Portales at 326b NM-467 (approximately five miles north of Portales). Currently configured as a dairy operation, the land includes a substantial dairy facility capable of housing approximately 2,938 milk cows, based on existing water rights and permits. The property features two milking parlors: a double-18 stall herringbone parlor (north) with a Boumatic system and two 6,000-gallon milk tanks, and a double-20 stall parallel configuration parlor (south) also equipped with two 6,000-gallon milk tanks. Water resources are robust, provided by three dairy wells with a combined capacity of 195 gallons per minute, drawing from the Portales Basin. Significant water rights accompany the property, including 226.30 acres of underground irrigation rights and 60 acre-feet of consumptive use water rights. A DFA base is available for purchase. The asking price is $1,500,000. Please note that the owners' homes are not included in the sale, and a lot split will occur upon closing. The property's current configuration is subject to the limitations of the existing water rights and discharge permit.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portales
- County
- Roosevelt
- State
- New Mexico
- Longitude
- -103.318
- Latitude
- 34.2457
