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Property profile & analytics
OFF-MARKET
Land

475 - B Stevens St Raton, NM 87740

39 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 39-acre property in Raton, New Mexico, presents a unique opportunity for hobby farmers and equestrian enthusiasts. Located in Colfax County, at 475-B Stevens Street, zip code 87740 (36.9137232, -104.4291157), this land boasts a house, barn, and stalls, all ready for immediate use. Previously part of the La Loma Stud Farm, the property's history speaks to its suitability for horses and livestock—a rare find within city limits. The barn features a concrete floor and large double doors at each end, allowing for easy vehicle or RV access. Electricity and water spigots are conveniently located throughout the property. A rainwater-collecting cistern provides a valuable water source for irrigation and gardening, a significant advantage in the high desert climate. The pasture, composed of native vegetation, can support several livestock. While partially fenced, the property offers ample space for equestrian activities. The asking price is $375,000. This property is a must-see for those seeking a versatile and well-equipped equestrian or hobby farm.

Property profile
Verified
Property type Land
Lot 39 ac (1,698,840 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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