Land for Sale in Corona, New Mexico

Torrance County Corona, NM 88318

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$4,500,000
3,847 acres
Active sale agoEst $36,632/mo

We are announcing the exclusive listing of the L6 Cattle Ranch in Torrance County, NM. This beautiful 3,847 deeded acre grazing unit is very nicely improved, is very well cared for, and has wind energy to greatly improve the return on investment. You get an awesome ranching lifestyle with a robust cash flow at the end of your private road when you own the L6 Cattle Ranch. All wind, solar, and mineral rights are included in this offering.

Location:

The ranch is in Torrance County, New Mexico between Corona and Vaughn. It's approximately 105 miles south of Santa Fe and 113 miles southeast of Albuquerque, which makes it both reasonably convenient for all services.

The L6 Cattle Ranch has historically been operated as a working cow/calf ranch. The ranch stocking rate is generally 12 cows per section depending on moisture throughout the year. The watering, fences, and improvement infrastructure are fully functional and in very good condition. Water is distributed from an electric well at the headquarters, along with a combination solar/electric well and a windmill well in the northern pasture. There are 8 drinkers in pastures serviced by the wells, pipelines, and 3 storage reservoirs. The vast majority of pipelines are 1 1/4 inch PVC. All infrastructure on this ranch is considered above average. Roads along wind turbine locations are all-weather caliche. Interior pasture roads are two track and well maintained with multiple turnouts to divert water.

The ranch is separated into five pastures with areas of new 5-strand barb wire interior fence. The exterior fencing is net wire and in good condition. Primary grasses are grama varieties, galleta, New Mexico feathergrass, and tabosa. A few junipers dot the scenic rolling landscape. Forage condition reflects good grazing practices.

A county-maintained road leads to the ranch boundary. Access to the deeded lands, including the headquarters area, is privately controlled. An electronic keypad gate provides access to the headquarters area. The terrain on the ranch varies from level/slightly sloping areas, to moderately rolling terrain, to small moderately steep areas. Elevations vary from 6,214 feet to 6,400 feet.

Ranch Headquarters:

Headquarter improvements consist of:

o A tastefully remodeled owner's home consists of a ground floor and basement. The ground floor has a kitchen, and living area, 2 bedrooms (master and guest), office, master bath, 3/4 bath, and 1/4 bath. Beautiful wood floors along with tongue and grove walls and ceiling compliment the upstairs living area. The finished basement has a living area and an additional full bath.

o New insulated combination equipment and 4-stall horse barn with attached covered arena.

o 2 good size Feed/Storage Barns.

o Smaller horse barn with stalls and attached 1 car garage.

o Pipe working pens equipped with Temple Grandin design crowding pen.

Wind Energy The L6 Cattle Ranch is located in the heart of New Mexico's best and largest sustained wind corridor. The ranch has executed a firm wind contract that provides for increased terms every five years for the 30 years, with an option for 2 additional 10-year period for a total of 50 years. The term of the current contract has 28 years remaining. Wind operations include eleven 2.8 megawatt turbines, thus providing no-risk and increasing cash flows for the next 28 years. A copy of the wind generation lease will be furnished to serious inquiries upon execution of a Confidentiality Agreement.

Wildlife o Hunting The primary big game hunting on the L6 is Pronghorn Antelope. The owners have hunted conservatively and the antelope population on the ranch is in very good condition. There are many other species of small game and birds that call the L6 their home.

2023 Real Estate Taxes:

o Torrance County Real Estate taxes, $1,027.26 in 2023

Remarks o Price This is a traditional ranching property that includes a low-risk hedge against inflation with its substantial wind cash flows.

If you are in the market for a reputable, all deeded ranch with an excellent low-risk return on your investment for the next 30-50 years, the L6 Cattle Ranch should be your ranch.

The property is reasonably priced at $4,500,000, or $1,170 per deeded acre, which includes the ranch land, and wind generation cash flow.

Please contact Jim Welles (505-967-6562) or Dwain Nunez (505-263-7868) to schedule a showing or for additional information.

Property details

Coordinates
34.4138, -105.4998
Elevation
6,230 feet
Date Posted

This 3,847-acre property is located in Corona, NM 88318 with latitude 34.4138 and longitude -105.4998. The property is currently available for sale for $4,500,000 with a price per acre of $1,170.

Verify sale details at the property source or contact Charles S. Middleton and Son at (806) 763-5331.

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