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Property profile & analytics
OFF-MARKET
Land

0 Off Rdg Runner Rd Las Vegas, NM 87701

4.57 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4.57 ac (199,069 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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