Listing ID : 974604
Broker ID : 2121
Listed On October 9, 2026 1
Listing Updated October 9, 2026
A rare opportunity to acquire the land under a fully built, licensed cannabis cultivation and manufacturing campus with senior water rights, robust infrastructure, and long‑term lease income. The property has historically produced ~30,000 lbs/year of biomass, and has the water, acreage, and facilities to scale beyond 100,000 lbs/year.
Why this Asset stands out
123 acres of senior and mixed artesian water rights – One of the scarcest resources in southeastern New Mexico.
Over 46,000 SF of indoor greenhouse, including a new 39,600 SF positive pressure indoor complex.
14,898 SF multi-purpose cultivation and processing building, C1D1 extraction lab, 1,500 SF office and 600 SF breakroom.
3 acres of irrigated, powered, light-deprivation greenhouses with expansion capacity
3.5 acres of outdoor grow under drip irrigation, also expandable.
Over 34,000 SF of dry-storage hay barns and metal storage buildings.
Two wells, RO system, eleven septic systems, and three steel irrigation tanks.
Full suite of farm equipment including tractors, loaders, skid steers, and water truck.
Secure site with keypad entry and a new R-panel perimeter fence.
Strong physical condition – appraisal effective age of 13 years.
FEMA Zone X, level topography, paved frontage, and access to U.S. 380, U.S. 285, and Old Dexter Highway.
The numbers
Long-term ground lease at $70,000/month, with ~6.5 years remaining
Tenant status: Current default provides strategic flexibility for a buyer, including multiple pathways to value creation.
DCF valuation: Independent appraisal values the cultivation/manufacturing enterprise at $12.9M.
Expansion potential: Land, water, power and labor support 3x production growth.
Value Drivers:
Rare senior water rights + large acreage
Fully built, licensed cannabis campus
Existing Lease income
Strategic flexibility due to tenant status
Significant production upside
Strong regional logistics and labor market
Asking Price: Call for Offers
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group®, Inc.
Green Life Business Group®, Inc DRE CA LIC# 02061374
Drew Mathews, DRE CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Email: [email protected]
Green Life Business Group® Inc. we are here to both help you sell or buy a cannabis business opportunity.
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary.
This listing is represented by (Local Broker) via the Green Life Business Group® National Affiliate Program.
Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®, Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.
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