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1350 Pigeon Rd Las Cruces, NM 88007

OFF-MARKET Land Google Maps
Estimated value
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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 Land
UPID US61-0843306

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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