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    X2 Road 1191 La Plata, NM 87418

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for X2 Road 1191

    Property type
    Land

    Description

    This exceptional 43,560 square foot lot presents a unique opportunity in La Plata, New Mexico. Located at X2 ROAD 1191, this property boasts stunning views towards Colorado and westward, bordered by BLM land. Ideal for building a new home or placing a mobile home, this parcel offers a tranquil setting just 10 miles from Farmington and near the Colorado border. The property's convenience is further enhanced by a water line currently being installed along the road by La Plata Water Users, with electricity readily accessible nearby. While a septic system will be required, the seller is offering financing options with a reasonable down payment and is also open to a land/home package deal. A water meter will need to be purchased separately from La Plata Water Users. For those seeking additional space, adjoining acreage is available for purchase. This is a remarkable chance to own a piece of New Mexico's stunning landscape, offering both seclusion and proximity to amenities. The property's MLS numbers are 24-901, 24-900, and 24-899 for further information. Don't miss this chance to create your ideal home in a picturesque location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Plata
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.207
    Latitude
    36.913

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    X2 Road 1191
    La Plata, NM 87418
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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