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    1653 Ocotillo Dr Alamogordo, NM 88310

    For Sale
    $299,000

    UNDEVELOPED LAND, SINGLE FAMILY - Alamogordo, NM

    Lot size:
    27.00 Acres
    Days on Market:
    151
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 1653 Ocotillo Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Single Fam Dwelling District
    APN
    R010204
    Lot size
    27.00 Acres

    Building Details

    Architectural style
    Other

    Alamogordo Realty, LLC (575) 434-0800 [email protected]

    Listing agent DOUG NELSON (575) 442-1484 License #19724

    Listing date Jul 16, 2025

    MLS# 170596 Listing URL

    Copyright © 2025 Otero County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    27 Acres Residential Land Opportunity

    This property offers a residential subdivision development opportunity encompassing three tracts totaling 27 acres. The land is zoned R-1 within the city limits of Alamogordo, New Mexico. City water utilities, PNM Electrical, and New Mexico Gas services are located close to the site. The property features two existing entrance points off paved streets, with the potential for two additional access points to be developed. According to available data, the property is not situated within a FEMA flood zone. The intended use of the property is for single-family dwellings.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.942878
    Latitude
    32.875735

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    FAQs

    What type of property is this?
    Land - 27 acres of residential land for development in Alamogordo, NM.
    Where is this land located?
    The property is located at 1653 Ocotillo Dr Alamogordo, NM.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Priced below market and appraised value; - 27 acres zoned R-1 within city limits, **suitable for residential subdivision development**; - City water utilities, PNM Electrical, and NM Gas are close to the site
    (575) 442-1484
    Request Owner's contact information
    1653 Ocotillo Dr Alamogordo, NM 88310
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    Realmo Value Estimation

    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.

    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.

    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
    1653 Ocotillo Dr Alamogordo, NM 88310
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