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    444 S Roosevelt Road O Portales, NM 88130

    For Sale
    $175,000

    Unimproved Land - Portales, NM

    Type:Unimproved Land
    Lot size:
    35.45 Acres
    Days on Market:
    205
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 444 S Roosevelt Road O

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    400000000240902
    Exterior features
    Irregular Lot
    Lot size
    35.45 Acres

    Building Details

    Architectural style
    Other

    Buena Vista Realty (575) 226-0671 [email protected]

    Listing agent Kercida Merrick (575) 226-0671

    Listing date May 23, 2025

    MLS# 20183339 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    35 Acres of Fenced Land

    This 35.451-acre parcel of land is located on the west side of Roosevelt Road O, east of Portales, New Mexico, in Section 29, Township 1 South, Range 35E, Roosevelt County. The acreage is fenced with five-wire barbed wire and steel posts with welded pipe corners. There is an unrestored old house on the property. Co-op water is available in the road next to the land, but there is no meter connection. The property is subject to the three-mile regulations on subdivision if that is desired. Currently, the land has a natural cover of wild growth and does not have any restrictions as government programs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.284182764
    Latitude
    34.194142337

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    FAQs

    What type of property is this?
    Land - 35+ acre fenced land parcel near Portales, New Mexico.
    Where is this land located?
    The property is located at 444 S Roosevelt Road O Portales, NM.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - 35.451 acres of land offer ample space.; - Fenced with 5 wire (barbed) steel post with welded pipe corners.; - Co-op water available in the road.
    (575) 226-0671
    Request Owner's contact information
    444 S Roosevelt Road O Portales, NM 88130
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    Portales, NM 88130
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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
    444 S Roosevelt Road O Portales, NM 88130
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