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    For Sale (66)

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    Land Near City Limits
    $99,000
    3.50 Acres

    Land Near City Limits

    3.5 acre land parcel near city limits in Portales, NM.

    7776 Nm 206 Rd, Portales, NM 88130
    View details
    Santa Rosa Hotel Location Land
    $457,380
    3.44 Acres

    Santa Rosa Hotel Location Land

    3.45 acres between I-40 and Historic Route 66.

    2390 Historic Route 66, Santa Rosa, NM 88435
    View details
    Residential Land in Desirable Location
    $80,000
    10.00 Acres

    Residential Land in Desirable Location

    10-acre residential land with underground electricity in Clovis, NM

    11 Cr I Rd, Clovis, NM 88101
    View details
    Residential Land in Clovis, NM
    $85,000
    2.47 Acres

    Residential Land in Clovis, NM

    2.47 acre lot for residential development near Clovis.

    890 North Lk Dr, Clovis, NM 88101
    View details
    Ready-to-Build Lot in Mystic Shores
    $130,000
    1.59 Acres

    Ready-to-Build Lot in Mystic Shores

    Cleared 1.59-acre lot in Mystic Shores near Canyon Lake.

    133 Macaw Ln, Spring Branch, TX 78070
    View details
    Land in Clovis, New Mexico
    $85,000
    2.49 Acres

    Land in Clovis, New Mexico

    2.49-acre lot for building a dream home near Clovis.

    884 North Lk Dr, Clovis, NM 88101
    View details
    Land in Desirable Clovis Area
    $265,000
    37.00 Acres

    Land in Desirable Clovis Area

    37 acres of land, excellent location for a dream home.

    13 Cr I Rd, Clovis, NM 88101
    View details
    44.7 Acres in Clovis, NM
    $135,000
    44.70 Acres

    44.7 Acres in Clovis, NM

    44.7 acres of commercial land south of Clovis, New Mexico.

    1156 Curry Rd 8, Clovis, NM 88101
    View details
    Oceanfront Homesite in North Topsail
    $759,000
    0.84 Acres

    Oceanfront Homesite in North Topsail

    0.842-acre oceanfront lot in Hampton Colony, North Topsail Beach.

    Hampton Colony Cir, North Topsail Beach, NC 28460
    View details
    Residential Land in Clovis, NM
    $85,000
    2.26 Acres

    Residential Land in Clovis, NM

    2.26-acre lot for residential development in Clovis, New Mexico.

    894 North Lk Dr, Clovis, NM 88101
    View details
    Residential Land in Clovis, NM
    $85,000
    2.60 Acres

    Residential Land in Clovis, NM

    2.6-acre lot for building a dream home near Clovis.

    891 North Lk Dr, Clovis, NM 88101
    View details
    Residential Land in Clovis, NM
    $85,000
    2.86 Acres

    Residential Land in Clovis, NM

    2.86-acre lot for dream home in new subdivision near Clovis.

    892 North Lk Dr, Clovis, NM 88101
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    Residential Land in Clovis, NM
    $85,000
    3.00 Acres

    Residential Land in Clovis, NM

    3-acre lot for building a dream home near Clovis.

    887 North Lk Dr, Clovis, NM 88101
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    Land on East 21st Street
    $89,000
    8.65 Acres

    Land on East 21st Street

    8+ acres available on East 21st Street in Clovis.

    627 Sr 523, Clovis, NM 88101
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    Land with Highway 70 Frontage
    $90,000
    10.00 Acres

    Land with Highway 70 Frontage

    10 acres, suitable for homesite or commercial development.

    43254 Us Hwy 70, Portales, NM 88130
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    Residential Land in Clovis, NM
    $85,000
    2.90 Acres

    Residential Land in Clovis, NM

    3-acre lot for dream home in new Clovis subdivision.

    893 North Lk Dr, Clovis, NM 88101
    View details
    Residential Land in Clovis, NM
    $85,000
    3.00 Acres

    Residential Land in Clovis, NM

    3-acre lot for dream home in a new subdivision.

    889 North Lk Dr, Clovis, NM 88101
    View details
    Residential Land in Desirable Location
    $85,000
    10.00 Acres

    Residential Land in Desirable Location

    10-acre residential land with underground electricity in Clovis, NM

    5 Cr 16, Clovis, NM 88101
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    Vegas Ranch in San Miguel
    $7,900,000
    4,872.00 Acres

    Vegas Ranch in San Miguel

    Large ranch with live water and wilderness boundary.

    C53A 1St St, Las Vegas, NM 87701
    View details
    22 Acres of Land, Clovis
    $200,000
    22.57 Acres

    22 Acres of Land, Clovis

    22+ acre land parcel suitable for various development projects.

    4501 W 21St St, Clovis, NM 88101
    View details
    Santa Rosa Land on Route 66
    $653,400
    9.92 Acres

    Santa Rosa Land on Route 66

    9.917 acres on Historic Route 66 with highway frontage.

    2391 Historic Route 66, Santa Rosa, NM 88435
    View details
    Commercial Land in Clovis, NM
    $914,000
    185.00 Acres

    Commercial Land in Clovis, NM

    185 acres of commercial land in high-traffic area.

    1250 Sr 245 Hwy, Clovis, NM 88101
    View details
    Trucking Facility with Wash Bay
    $990,000
    14,000 SF

    Trucking Facility with Wash Bay

    Trucking facility with trailer wash bay and truck parking.

    600 S Edwards St, Clovis, NM 88101
    View details
    Texas Hill Country Homesite
    $47,499
    1.00 Acre

    Texas Hill Country Homesite

    Homesite in Fischer near Canyon Lake, New Braunfels, San Antonio.

    113 Liberty Bell Ln, Fischer, TX 78623
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    Residential Land in Clovis, NM
    $85,000
    3.00 Acres

    Residential Land in Clovis, NM

    3-acre lot for a dream home near Clovis, NM.

    861 North Lk Dr, Clovis, NM 88101
    View details
    Commercial Land in High-Traffic Area
    $115,000
    0.73 Acres

    Commercial Land in High-Traffic Area

    0.73-acre commercial land with high visibility and full utilities.

    125 W Llano Estacado Blvd, Clovis, NM 88101
    View details
    Downtown Wilmington Corner Duplex
    $425,000
    2,204 SF

    Downtown Wilmington Corner Duplex

    Wilmington duplex with strong rental potential near downtown shops.

    129 S 8Th St, Wilmington, NC 28401
    View details
    Land in Clovis Medical Area
    $350,000
    1.97 Acres

    Land in Clovis Medical Area

    Almost 2 acres with utilities in Clovis medical area.

    914 W 21St St, Clovis, NM 88101
    View details
    Commercial Zoned Lot on Norris
    $249,900
    8.94 Acres

    Commercial Zoned Lot on Norris

    8+ acre commercial lot, great location for business or apartments.

    201 N Norris St, Clovis, NM 88101
    View details
    Commercial Zoned Lot in Clovis
    $122,900
    4.16 Acres

    Commercial Zoned Lot in Clovis

    4.15 acre commercial lot suitable for business or apartments.

    405 N Norris St, Clovis, NM 88101
    View details
    Land in Clovis Subdivision
    $85,000
    2.35 Acres

    Land in Clovis Subdivision

    2.35-acre lot for building a dream home near Clovis.

    869 North Lk Dr, Clovis, NM 88101
    View details
    Commercial Lot in Clovis, NM
    $400,000
    0.52 Acres

    Commercial Lot in Clovis, NM

    0.51 acre commercial lot with utilities available in Clovis.

    1612 N Prince St, Clovis, NM 88101
    View details
    Residential Land in Clovis, NM
    $85,000
    2.89 Acres

    Residential Land in Clovis, NM

    2.89-acre lot for dream home in new subdivision near Clovis.

    867 North Lk Dr, Clovis, NM 88101
    View details
    Clovis, NM Commercial Land
    $1,000,000
    3.74 Acres

    Clovis, NM Commercial Land

    3.73+ acre commercial land with utilities in Clovis, NM.

    4212 N Prince St, Clovis, NM 88101
    View details
    30 Acres for Housing Development
    $325,000
    30.00 Acres

    30 Acres for Housing Development

    30 acres of land suitable for housing development in Texico.

    301 S College St, Texico, NM 88135
    View details
    Residential Land in Desirable Location
    $85,000
    10.00 Acres

    Residential Land in Desirable Location

    10 acre residential land with underground electricity in Clovis, NM.

    4 Cr 16, Clovis, NM 88101
    View details
    Land in Clovis Subdivision
    $85,000
    2.58 Acres

    Land in Clovis Subdivision

    2.58 acre lot for dream home in Clovis, NM.

    865 North Lk Dr, Clovis, NM 88101
    View details
    Residential Land in Desirable Location
    $125,000
    10.00 Acres

    Residential Land in Desirable Location

    10-acre residential land with underground electricity in Clovis, NM.

    8 Cr 16, Clovis, NM 88101
    View details
    Clovis Highway Frontage Opportunity
    $225,000
    6.81 Acres

    Clovis Highway Frontage Opportunity

    6.81 acres with highway frontage, ideal for commercial or industrial.

    781 Us 70 Hwy, Clovis, NM 88101
    View details
    Land in Desirable Clovis Area
    $85,000
    10.00 Acres

    Land in Desirable Clovis Area

    10-acre residential land with underground electricity in Clovis, NM.

    2 Cr 16, Clovis, NM 88101
    View details
    Land Near Texas Border
    $100,000
    0.65 Acres

    Land Near Texas Border

    Large lot with highway frontage near Texas/New Mexico border.

    800A Wheeler Ave, Texico, NM 88135
    View details
    Commercial Lot in High-Traffic Area
    $470,000
    0.87 Acres

    Commercial Lot in High-Traffic Area

    Cleared 0.86-acre lot suitable for retail or restaurant development.

    620 E 21St St, Clovis, NM 88101
    View details
    Land on Mabry Drive, Clovis
    $150,000
    2.15 Acres

    Land on Mabry Drive, Clovis

    2+ acre tract with high visibility and highway frontage.

    4420 Mabry Dr, Clovis, NM 88101
    View details
    LAND - Clovis, NM
    $97,900
    2.15 Acres

    LAND - Clovis, NM

    Commercial land • 2.15 Acres

    2301 E 7Th St, Clovis, NM 88101
    View details
    High-Traffic Commercial Opportunity in Clovis
    $120,000
    1,312 SF

    High-Traffic Commercial Opportunity in Clovis

    Commercial property with high visibility and expansion potential in Clovis.

    901 E 1St St, Clovis, NM 88101
    View details
    Residential Land in Desirable Location
    $85,000
    10.00 Acres

    Residential Land in Desirable Location

    10-acre residential land with underground electricity in Clovis, NM

    6 Cr 16, Clovis, NM 88101
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    Residential Land in Desirable Location
    $80,000
    10.00 Acres

    Residential Land in Desirable Location

    10-acre residential land with underground electricity in Clovis, NM

    10 Cr I Rd, Clovis, NM 88101
    View details
    Land on Main Highway
    $90,000
    0.58 Acres

    Land on Main Highway

    Large lot on the main highway in Texico, New Mexico.

    801 Wheeler Ave, Texico, NM 88135
    View details
    Residential Land in Desirable Location
    $85,000
    10.00 Acres

    Residential Land in Desirable Location

    10 acre residential land parcel in Clovis, New Mexico.

    3 Cr 16, Clovis, NM 88101
    View details
    Prime Land Tract in Clovis
    $1,000,000
    8.82 Acres

    Prime Land Tract in Clovis

    8+ acre commercial land with high visibility and utilities.

    4300 Mabry Dr, Clovis, NM 88101
    View details
    Land in Desirable Clovis Area
    $95,000
    10.00 Acres

    Land in Desirable Clovis Area

    10-acre lot with well and underground electricity in Clovis, NM.

    1 Cr 16, Clovis, NM 88101
    View details
    Commercial Land in Medical Area
    Contact for pricing

    Commercial Land in Medical Area

    Almost 2 acres with utilities in Clovis medical area.

    914 W 21St St, Clovis, NM 88101
    View details
    44.7 Acres South of Town
    Contact for pricing

    44.7 Acres South of Town

    44.7 acres on paved road, great business location.

    1156 Curry Rd 8 Rd, Clovis, NM 88101
    View details
    Remodeled Commercial Building with Drive-Up
    Contact for pricing

    Remodeled Commercial Building with Drive-Up

    Remodeled commercial building with drive-up window in Portales, NM.

    201 S Abilene Ave, Portales, NM 88101
    View details
    Commercial Lot on Norris Street
    Contact for pricing

    Commercial Lot on Norris Street

    4.15 acre commercial lot suitable for business or apartments.

    405 N Norris St, Clovis, NM 88101
    View details
    Highway Frontage Commercial Land
    Contact for pricing

    Highway Frontage Commercial Land

    1.8 acres with highway frontage and existing building.

    1400 Wheeler Ave, Texico, NM 88101
    View details
    20+ Acres North of Clovis
    Contact for pricing

    20+ Acres North of Clovis

    Land with utilities available, suitable for home and pens.

    1070 Curry Rd 16 Rd, Clovis, NM 88101
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    Land North of Clovis, NM
    Contact for pricing

    Land North of Clovis, NM

    20+ acres with utilities available north of Clovis.

    1070 Curry Rd 16, Clovis, NM 88101
    View details
    Prince Street Commercial Land Available
    Contact for pricing

    Prince Street Commercial Land Available

    3.7328-acre commercial land with utilities near multiple motels.

    4212 N Prince St, Clovis, NM 88101
    View details
    2+ Acre Tract on Mabry
    Contact for pricing

    2+ Acre Tract on Mabry

    Commercial land with high visibility and highway frontage.

    4420 Mabry Dr Dr, Clovis, NM 88101
    View details
    Commercial Zoned Lot For Sale
    Contact for pricing

    Commercial Zoned Lot For Sale

    8+ acre commercial lot, utilities available, near US HY 60-70-84.

    201 N Norris St, Clovis, NM 88101
    View details
    Multi-Use Facility with RV Storage
    Contact for pricing
    48,602 SF

    Multi-Use Facility with RV Storage

    High-traffic facility with showroom, retail, shop, and RV storage.

    1200 E 1St St, Clovis, NM 88101
    View details
    Prime Clovis Restaurant - Turnkey Operation
    $1,150,000
    4,735 SF

    Prime Clovis Restaurant - Turnkey Operation

    High-traffic location, fully equipped, ready to operate.

    2417 Prince St, Clovis, NM 88101
    View details
    Updated Office Building in Portales
    Contact for pricing
    3,745 SF

    Updated Office Building in Portales

    Visible office building with ample parking and flexible spaces.

    620 W 1St St, Portales, NM 88130
    View details
    Versatile Commercial Building with Automotive Potential
    Contact for pricing
    3,000 SF

    Versatile Commercial Building with Automotive Potential

    3000 SF commercial building suitable for automotive or other businesses.

    222 N Main Ave Ave, Portales, NM 88130
    View details
    Clovis Commercial Workshop - $35k
    $35,000
    1,470 SF

    Clovis Commercial Workshop - $35k

    Unique Boxcar Workshop, 1,470 sq ft

    913 Hickory St, Clovis, NM 88101
    View details

    For Lease (2)

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    Turn-Key Bar & Restaurant Venue
    $6,000 / Mo
    2,400 SF

    Turn-Key Bar & Restaurant Venue

    Prime Carolina Beach bar and restaurant for lease.

    219 Myrtle Ave, Carolina Beach, NC 28428
    View details
    Former Dealership with Shop Space
    Contact for pricing

    Former Dealership with Shop Space

    Mixed-use property featuring showroom, offices, shop, and outdoor area.

    4400 Mabry Dr, Clovis, NM 88101
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Town & Country Real Estate
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