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    24 Knowles Rd Lovington, NM 88260

    For Sale
    Contact for pricing

    Build Your Dream in Lea County, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3,500 square foot lot, located at TBD Lot 24 Knowles Road in Lovington, New Mexico, presents a unique opportunity for development. Situated in Lea County, this property boasts a convenient location with easy access to local amenities and services. The lot measures approximately 25 feet wide by 140 feet deep, offering ample space for a variety of construction projects. Priced affordably at $10,000, this land parcel represents an excellent investment for those seeking to build a new home, construct a commercial building, or simply secure a valuable piece of New Mexico real estate. The property's address is TBD Lot 24 Knowles Road, Lovington, NM 88260. Its geographic coordinates are 32.888562 latitude and -103.1436974 longitude. This is a vacant lot, ready for immediate development. The zoning regulations and permitted uses for this property should be verified independently with the appropriate Lea County authorities. Don't miss this chance to acquire a desirable piece of land in a growing community. Act quickly, as this opportunity is unlikely to last.

    Property Features for 24 Knowles Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1436974
    Latitude
    32.888562

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    FAQs

    What type of property is this?
    Land - Build Your Dream in Lea County, NM
    Where is this land located?
    The property is located at 24 Knowles Rd Lovington, NM.
    What is the asking price?
    The asking price for this property is $10,000.
    Request Owner's contact information
    24 Knowles Rd Lovington, NM 88260
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    Lovington, NM 88260
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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
    24 Knowles Rd Lovington, NM 88260
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