3931 Anderson Farm Drive SW, Albuquerque, NM 87105

$10,990,000

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Property Type: Land Lot Size (sq. ft.): 6,882,480 Status: Active

Current Price: $10,990,000 List Date: 3/18/2026 Last Modified: 3/22/2026

Overview

Description

The 158-acre Old Tobacco Farm offers a rare, large-scale development opportunity in northern Albuquerque's Valley Farms area. Following a multi-year planning process, the property features a Bernalillo County-approved Sector Plan allowing for up to 450 residential units, with 23 acres designated for open space. Ideally located off Coors Blvd near Rio Bravo and adjacent to major retail, entertainment, and senior living amenities, the property sits directly in the path of urban growth. Currently operating as a productive alfalfa farm, it presents flexible potential as a ready-to-develop project, long-term land hold, or continued agricultural use. Held by the same family for generations, this is a premier infill opportunity with multiple purchase configurations available.

Listing Details MLS# 1100355

Contract Information

List Price/Acre: 69556.96
List Price/Lot SqFt: 1.6

Location

Street #: 3931
Street Name: Anderson Farm
St Suffix: Drive
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
MLS Area Major: 91 - Valley Farms
Zone Atlas: P11

General Property Description

# of Lots: 4
Acres: 158
Lot SqFt: 6882480
Lot Size Source: On-Line
Apx Lot Dim Front: N/A
Apx Lot Dim Side: N/A
Flood Zone: AH
Elementary School: Navajo (y)
Middle School: Harrison
High School: Rio Grande
Package Deal: No

Legal Description Details

Short Legal Desc: Tr 3-A-1-C-1 Plat Of Tracts 3-A-1-C-1, 3-A-1-B-1 The Anderson Farms West
Tract: 3-1-A
Unit: n/a
Block: n/a
Lot: n/a
Subdivision Name: n/a
Section: n/a
Township: n/a
Range: n/a

Utility Impact Fee

Utility Impact Fee: No

Sales Info

Seller Assist Ofrd: No
Trade/Xch Considered: No

More Information

Association Details

Association: No

Property Features

Distance to Water: Call Listing Broker Dist to Electrical: Call Listing Broker Distance to Sewer: Call Listing Broker Distance to Phone: Call Listing Broker Distance to Gas: Call Listing Broker Distance to Cable: Call Listing Broker Possession: Call Listing Agent Type: Agricultural; Commercial; Other - See Remarks Topography: Mostly Level; Other - See Remarks Features: Views; Other - See Remarks Utilities: See Remarks Restrictive Covenant: None Wastewater: Public Sewer Water Source: City Water Irrigation Source: Other - See Remarks Finance Considered: Cash; Conventional Zoning: MX-FB-FX*

Listing Office: Fay Ranches, Inc

Last Updated: March - 22 - 2026

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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3931 Anderson Farm Drive SW, Albuquerque, NM 87105 (MLS# 1100355)