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Property profile & analytics
OFF-MARKET
Land

304 - Tract 4B Veguita, NM 87002

10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre agricultural property, identified as Hwy 304 - Tract 4B, presents a unique investment opportunity in Belen, New Mexico. Located in Valencia County, zip code 87002, this land boasts a convenient Highway 304 address. The property is zoned R-1, offering flexibility for potential development, subject to local regulations. With a total area of 435,600 square feet, the land is priced at $12,000 per acre, totaling $120,000. The legal description is detailed as Subd: PLAT NO. RC-82-47 Tract: 4B, encompassing 10.00 acres as per the 2013 revision. Restrictive covenants mirror the existing zoning regulations. The property's location offers easy access to the city of Belen and surrounding areas. This is an ideal opportunity for agricultural pursuits or future development, contingent upon obtaining the necessary permits and approvals. The property's coordinates are 34.5020897 latitude and -106.7685812 longitude. The unique UPC code is 1009023016087000000. Serious inquiries are encouraged.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 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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