Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1011 Avenue D W Lovington, NM 88260

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,045

    Retail building with Dollar Tree and vacancy in Lovington, NM.

    Property size:
    20,104 SF
    Lot size:
    0.85 Acres

    Property Features for 1011 Avenue D W

    General Information

    Size
    20,104 SF
    Lot size
    0.85 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Kyle Boliver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20,104 SF Retail Building

    This 20,104 square foot retail building is located in Lovington, New Mexico, the county seat of Lea County, which has a county population of over 73,000 residents. The property benefits from excellent visibility along W Avenue D, with a traffic count of 5,843 vehicles per day. It is situated on a corner lot with multiple points of entry and is located near numerous national tenants. The building is currently occupied by Dollar Tree, which occupies 10,000 square feet and has over two years remaining in its current term with options to extend. The lease is a NN lease with minimal landlord responsibilities. This leaves a 50% vacancy percentage in the building. Lovington is located 21 miles from Hobbs, the largest city in Lea County and the most livable city in the Permian Basin. The building was built to accommodate a larger volume of customers.
    Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service Lovington Tire Pros Tire Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.361012
    Latitude
    32.94369

    Nearby Similar for Sale

    • $155,000
      2,980 SF

      Commercial Property on Corner Lot

      Multi-functional commercial property with open floorplan and large parking lots.
      600 S 2Nd St, Lovington, NM 88260
      View Details
    • $325,000
      1,150 SF

      Lovington Retail Property For Sale

      Retail property in high-traffic Lovington location with great visibility.
      121 Avenue D W, Lovington, NM 88260
      View Details
    • $900,000

      Lovington RV Park Investment Opportunity

      Established RV Park, 45 Spaces, Expansion Potential
      103 17Th St, Lovington, NM 88260
      View Details
    • $900,000
      10.00 Acres

      Lovington Commercial Property - 10 Acres

      Spacious Shop & RV Hookups - Excellent Investment
      315 Avenue R, Lovington, NM 88260
      View Details
    • $280,000
      1,500 SF

      Lovington Commercial Office Building

      Downtown Lovington, Move-In Ready Office
      220 Main St, Lovington, NM 88260
      View Details
    • $180,000
      1,250 SF

      Lovington Commercial Building - Prime Location

      Versatile Commercial Space, Great Location, Ample Parking
      1021 Main Cor, Lovington, NM 88260
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail building with Dollar Tree and vacancy in Lovington, NM.
    Where is this storefront property located?
    The property is located at 1011 Avenue D W Lovington, NM.
    What is the asking price?
    The asking price for this property is $1,250,045.
    What are key features of this property?
    This property features: - Large 20,104 SF Building with 50% Vacancy; - Dollar Tree Tenant With 2+ Years Remaining; - NN Lease With Minimal Landlord Responsibilities
    (940) 395-2353
    Request Owner's contact information
    1011 Avenue D W Lovington, NM 88260
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1011 Avenue D W
    Lovington, NM 88260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1011 Avenue D W Lovington, NM 88260
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.