0 Off Rdg Runner Rd Las Vegas, NM 87701
This exceptional 4.57-acre parcel is situated in the burgeoning development corridor of Ridge Runner Road in Las Vegas, New Mexico. Currently zoned R-1, this property presents a wealth of opportunities for discerning investors and developers. The expansive lot offers significant potential for a variety of uses, subject to local zoning regulations and approvals. Located in San Miguel County, with the address listed as Off Ridge Runner Road, and a zip code of 87701, this land boasts convenient access to the city of Las Vegas, NM. The property's coordinates are 35.6197892 latitude and -105.2283305 longitude. With its strategic location and considerable size, this land parcel represents a compelling investment opportunity in a growing area. The asking price for this remarkable property is $125,000. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this exceptional land offering. Further due diligence is recommended to confirm zoning regulations and development possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.