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    Property profile & analytics

    3120 Martinez Rd Moriarty, NM 87035

    • Commercial real estate
    • 300.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US61-0843997
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3120 Martinez Rd

    Lot size
    300.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 300-acre agricultural property in Moriarty, New Mexico, presents a unique investment opportunity for cannabis cultivation or manufacturing. Located at 3120 Martinez Rd, Torrance County, within the Estancia Valley, this largely flat land boasts established water rights providing up to 360 acre-feet of water annually, ensuring a reliable supply for large-scale agricultural operations. The property is zoned Agricultural and offers an average of 273 sunny days per year, ideal conditions for cannabis cultivation. The single-tenant land parcel is ready for immediate development, eliminating the need for extensive site preparation. With its substantial size and reliable water resources, this property offers significant potential for substantial returns in the burgeoning cannabis industry. The property's location in Moriarty, NM, zip code 87035, provides convenient access to transportation routes and infrastructure. This is a rare opportunity to acquire a large, well-situated parcel of land perfectly suited for cannabis cultivation or related manufacturing activities. The property's size ranges from 5 to 300 acres, offering flexibility for various project scales.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -106.0702867
    Latitude
    34.9954965

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    Moriarty, NM 87035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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