94 Edgewood Nm 87015 Edgewood, NM 87015
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.
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
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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.