000 Cr53A Las Vegas, NM 87701
This exceptional 1,973-acre ranch, located in San Miguel County, New Mexico, near Las Vegas, presents a unique investment opportunity. Situated on 000 Cr53a, the property boasts breathtaking 360-degree views from its elevation ranging from 5,200 to 6,200 feet. The diverse landscape includes rolling hills, mesas, sandstone cliffs, and caves. The ranch is part of Big Game Unit 42, offering unlimited landowner elk tags and over-the-counter licenses for mule deer, turkey, black bear, and Barbary sheep. Abundant wildlife thrives in the varied vegetation, including Pinon, Juniper, Ponderosa Pine, Oak Brush, and native grasses. Water resources are plentiful, with two solar wells, two windmills, nine ponds, and two creek bottoms. Improvements include a 20x40 barn for equipment storage. This property offers a remarkable combination of natural beauty, abundant wildlife, and excellent hunting opportunities, making it an ideal investment for those seeking a secluded and expansive New Mexico ranch. The asking price is $3,500,000. The property includes 1,973 deeded acres and an additional 1,081 state-leased acres. The zip code is 87701.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.