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Property profile & analytics
OFF-MARKET
Land

94 Edgewood Nm 87015 Edgewood, NM 87015

123 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 123-acre parcel presents a unique investment opportunity in Edgewood, New Mexico. Located at 94 Hwy 344, Edgewood, NM 87015, this expansive land tract boasts a highly desirable R-1, Edgewood zoning designation, opening doors to a variety of development possibilities, including residential and commercial projects. The property's efficient rectangular shape simplifies design and development planning. Its strategic location offers unparalleled convenience, situated less than a mile north of I-40 via the Edgewood/NM Hwy 344 exit, providing exceptional interstate access. This prime location also benefits from proximity to established retail amenities, such as the adjacent Edgewood Walmart Supercenter. The property is served by municipal water services provided by Epcor, and municipal sewer is available in the area at Church Street. The asking price is $4,000 per acre, totaling $4,000,000 for the entire parcel. This presents a rare chance to capitalize on the blend of mountain living and convenient access to major transportation routes and retail infrastructure. The potential for a thriving planned community is significant, given the property's size, zoning, and location. This is an ideal opportunity for developers seeking a large-scale project in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 123 ac (5,357,880 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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