126 Ac Mcnabb/Nm-41 Moriarty, NM 87035
This exceptional 126.02-acre property presents a unique investment opportunity in Moriarty, New Mexico. Situated just off NM-41 and McNabb Road, this land offers convenient access and is comprised of two flat parcels accessible from McNabb Road. The property is approximately three miles south of Moriarty and a 45-minute drive east of Albuquerque, providing a desirable location with proximity to urban amenities. Currently dormant, the land boasts significant potential for various agricultural uses. A key advantage is the inclusion of substantial water rights, totaling 304 acre-feet of irrigation water. This ensures ample resources for farming or other water-intensive activities. The property's versatility extends beyond farming, making it suitable for recreational purposes, including hunting. For those seeking a larger landholding, adjacent highway frontage parcels are also available (MLS #s 1023715, 1023716, 1023717). This is a rare opportunity to acquire a sizable, well-located tract of land with valuable water rights in a growing area of New Mexico. The asking price for this expansive property is $525,000. The property is classified as Residential, Farm, and Hunting/Recreational land. The zip code is 87035.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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