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    OFF-MARKET
    Commercial real estate

    1350 Pigeon Rd, Las Cruces, NM 88007

    Property ID
    US61-0843306
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a thriving organic farm in Las Cruces, New Mexico. This nearly one-acre property (39,639.6 sq ft) boasts a unique setup ideal for continued production. The farm features a secure compound enclosed by a seven-foot rock wall, providing 20,000 square feet of outdoor growing space. Five custom-built greenhouses add another 6,500 square feet of cultivation capacity. The property includes substantial water rights: one acre-foot for commercial use and three acre-feet for residential use. All necessary farm equipment is included in the sale, encompassing a tractor, 1400 fabric and plastic pots, over 130 cubic yards of premium soil and amendments, a complete irrigation system, pump/tank lines, and emitters – everything needed for immediate cultivation. Two residences are situated on the property: a one-bedroom, one-bathroom home and a fully finished two-bedroom, one-bathroom loft apartment above a detached garage. Both residences offer complete kitchens and living areas. A large 4-car detached garage provides ample storage and includes a 24x24 workshop/office space with built-in workbenches and a bathroom, currently used for post-harvest processing. This turnkey operation is priced at $780,000 and presents a rare chance to own a well-established and profitable organic farm in a desirable location. The property is located at 1350 Pigeon Road, Las Cruces, NM 88007.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US61-0843306
    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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