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    OFF-MARKET
    Land

    18 Cimarron Dr, Quemado, NM 87829

    13.28 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 13.28-acre property in Quemado, New Mexico, presents a unique opportunity. Located at 18 Cimarron Drive, 87829, this land boasts a 30x40-foot building complete with a full bathroom, a smaller shed, and a usable travel trailer with power hookups. The property features a 294-foot well producing 10 gallons per minute, supplying water to the building's bathroom and exterior spigots. A conventional septic system is already in place, connected to the building's bathroom. The entire property is fully fenced with a gated entrance. Enjoy the convenience of overhead power with a meter box servicing the building. This land is part of an HOA subdivision, offering maintained roads and allowing manufactured homes and seasonal RVs. The location provides stunning views of the eastern mountains and northern mesas. Situated approximately 30 minutes from both Springerville, Arizona, and Quemado, New Mexico, this property offers a blend of seclusion and accessibility. The property is being sold as-is. Note that land lender financing is available, requiring a 25% down payment and a 7% ARM for 12 years. Adjacent to BLM land to the south.

    Property profile
    Verified
    Property type Land
    Lot 13.28 ac (578,477 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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