85 Road 2800 Aztec, NM 87410
This exceptional 43-acre farm, located in the desirable Center Point area north of Aztec, New Mexico, presents a unique investment opportunity. Situated approximately 11 miles from the Colorado border, this property boasts 1,829,520 square feet of fertile, irrigated land (per seller). The land is comprised of four graded pastures, currently used primarily for alfalfa cultivation, offering a variety of potential uses. A pond is also located on the property. The existing irrigation system facilitates efficient water management. While the property currently supports alfalfa farming, its versatility allows for diverse agricultural pursuits or even the construction of a new home. An old septic tank is present
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.