Catylist Listing ID: 30318709
Property Subtypes: Agricultural, Residential (Single Family), Other
Gross Land Area: 94.87 Acres
Sale Price: $4,067,000
Unit Price: $42,869 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2018

Overview / Comments

This Historic 95± acre farm is located along the Rio Grande River with views of the Sandia mountains to the east and the Manzano mountains to the south.

Just south of the 570 acre Valle de Oro National Wildlife Refuge there is an abundance of native birds and animals in the area.

The property can continue to be farmed or it may be developed into low density rural residential homesites. The property is located within 20 minutes of the metro’s employment center, including Sandia National Laboratory | Kirkland AFB | Downtown Albuquerque | Presbyterian, Lovelace & UNM Hospitals | University of New Mexico.

NOTE - Water rights come with the property but amount and priority of the water rights must be proven by purchaser.

Note - The property is subject to a short-term farming lease. The Lessee would be interested in leasing the property from the buyer.

Excluded from sale are -
1. The farming equipment and hay barn on site are owned by the Lessee of the property and not part of the property being sold.

2. There is a house located on 5.0+/- acres of the property and shown on the map as an out parcel. This parcel is not included in the sale. There is also an easement through the property to provide access to the house.

Financials

Finance Data Year 2017
Assessed Value - Total($) $65,500 (Annual)
Real Estate Taxes - Annual($) $1,000 (Annual)

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket Type: Other
Taxing Authority: Bernalillo County
Tax ID/APN: 101204945608440111 and 101204847141510113
Zoning: RA-1 - Residential and Agricultural Zone, Semi-Urban Area
Property Located Between: Northwest of the I-25 Isleta exit
Property Visibility: Excellent
Legal Description: Map 58 Tract 4-D-1 Cont 51.9200 AC M/L and TR A redivision plat of Tract $ of the Nanninga Tracts (now comprising TR A and TR B) land of Nanninga Family Trust and Juanita N Piledkas Cont 42.9511 AC M/L
Largest Nearby Street: Second Street SW
Feet of Frontage: 1
Traffic/Vehicle Count: 1
Highway Access: West on Rio Bravo then south on Second Street
Airports: Albuquerque International Airport is within __ miles
Site Description: Existing farm land. Could be developed as Low Density housing.
Area Description: Farms and low density housing.
Lot Frontage: N/A
Lot Depth: N/A
Zoning Description: The lands are currently being farmed. If the property were to be developed as residential lots Bernalillo County would require a minimum lots size of +/- 1 acre.
Development Name: Nanninga Farm
Topography: Level
Easements Description: None other than a roadway easement to residence on property.
Soil Type: Loam
Available Utilities: Electric, Gas, Storm Drain, Cable, Broadband, Internet Access
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,185 26,829
Median Age: 39.82 34.78
Households: 3,234 8,802

Contact

Photograph of Listing Agent

Richard T Bressan

Land Advisors Organization CARNM CIE Member
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