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    512 E Greene St Carlsbad, NM 88220

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    For Sale
    Contact for pricing

    6.71 acre lot suitable for hotel, restaurant, or other uses.

    Property size:
    5,800 SF
    Lot size:
    6.73 Acres

    Property Features for 512 E Greene St

    General Information

    Size
    5,800 SF
    Lot size
    6.73 Acres

    Source: NRG Realty Group - Dallas/Fort Worth Agent John W. B. McDaniel

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

    Overview

    6.71 Acre Redevelopment Opportunity

    This 6.71-acre lot is located near Lower Transill Lake and within walking distance of the Riverwalk Recreation Complex and Skatepark. The fully fenced and stabilized acreage presents a redevelopment opportunity for a hotel, restaurant, or other commercial use. Currently, an office building and two shops are situated on the site.
    Location Intelligence

    Current Use by Public Records

    Globe Energy Services, Oilfield Rustic River Portables Portable Building Manufacturer U-Haul Neighborhood Dealer Truck Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.2180381
    Latitude
    32.4192695

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    FAQs

    What type of property is this?
    Commercial land - 6.71 acre lot suitable for hotel, restaurant, or other uses.
    Where is this commercial land located?
    The property is located at 512 E Greene St Carlsbad, NM.
    What are key features of this property?
    This property features: - 6.71 acre lot near Lower Transill Lake; - Redevelop into a hotel, restaurant, or other use; - Walking distance to Riverwalk Recreation Complex and Skatepark
    (214) 325-4851
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    512 E Greene St Carlsbad, NM 88220
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    Carlsbad, NM 88220
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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
    512 E Greene St Carlsbad, NM 88220
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