1X Road 1191, La Plata, NM 87418
This exceptional 43,560 square foot land parcel presents a unique opportunity in La Plata, New Mexico. Located just 10 miles from Farmington and close to the Colorado border, this property boasts stunning views. Ideal for building a new home or placing a mobile home, the lot offers convenient access to utilities. A water line is currently being installed along the road, requiring only the installation of a personal meter. Electricity is readily available nearby, though a septic system will need to be installed. The western border of the property adjoins Bureau of Land Management (BLM) land. The seller is motivated and offers flexible financing options, including short-term financing or the possibility of a land/home package deal. Additional adjoining land is also available for purchase. This property is situated west of the La Plata Store. Don't miss this chance to own a piece of New Mexico's beautiful landscape. The property is listed under MLS # 24-899.
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.