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    C-7 Lexco Est Phase 1 Moriarty, NM 87035

    For Sale
    $83,000

    Prime 1.44-acre commercial lot, ready to build.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 1.44-acre commercial lot is ideally situated in the Lexco Estates Phase 1 development in Moriarty, New Mexico. Boasting a highly desirable location just off historic Route 66 and Lexco Road, this property benefits from significant traffic flow between the thriving communities of Edgewood and Moriarty. The lot is completely level and ready for immediate development. All essential utilities are conveniently in place, including buried power lines for electricity, natural gas, water, and sewer connections – eliminating the hassle and expense of utility installation. The development features well-maintained paved and curbed roads, ensuring easy access and a professional aesthetic. The strategic location offers excellent visibility and accessibility, making it perfect for a wide range of commercial ventures. This property presents a unique opportunity for businesses seeking a prominent location with established infrastructure. The lot's proximity to Route 66 guarantees high visibility and exposure to a substantial volume of daily traffic. While this particular listing is for 1.44 acres, the possibility of acquiring additional adjacent lots exists. This presents a flexible option for businesses requiring larger footprints or those looking to expand in the future. Don't miss this chance to secure a prime commercial location in a rapidly growing area. The asking price is $83,000.

    Property Features for C-7 Lexco Est Phase 1

    General Information

    Property type
    Other commercial real estate
    Lot Size
    62,726 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -106.1207
    Latitude
    35.01151

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.44-acre commercial lot, ready to build.
    Where is this commercial real estate located?
    The property is located at C-7 Lexco Est Phase 1 Moriarty, NM.
    What is the asking price?
    The asking price for this property is $83,000.
    (505) 798-6300
    Request Owner's contact information
    C-7 Lexco Est Phase 1 Moriarty, NM 87035
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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
    C-7 Lexco Est Phase 1 Moriarty, NM 87035
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