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    607 8 St Jal, NM 88252

    For Sale
    $50,000

    Large lot, ideal for new construction. Excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 12,480 square foot lot, located at 607 S 8th Street in Jal, New Mexico, presents a fantastic opportunity for building a new home. The property boasts generous dimensions, measuring 96 feet by 130 feet, providing ample space for a substantial residence and landscaping. Situated in Lea County, with the zip code 88252, this land offers a desirable location within the community. The asking price for this property is $50,000. This is a remarkable chance to acquire a sizable building lot in a convenient location. Note that two additional adjacent lots of the same size and price are also available for purchase, presenting a unique opportunity to acquire a larger contiguous parcel if desired. The property is classified as land and is ready for development. Coordinates for the property are 32.1063447 latitude and -103.1994512 longitude. Don't miss this chance to secure your ideal building site in Jal, NM.

    Property Features for 607 8 St

    General Information

    Property type
    Land

    HighLights

    • 12,480 SF lot in Jal, NM, ideal for new construction.
    • 96' x 130' lot size provides ample space.
    • Located in Lea County, NM, zip code 88252.
    • Asking price: $50,000.
    • Two adjacent lots of same size and price also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jal
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1994512
    Latitude
    32.1063447

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    FAQs

    What type of property is this?
    Land - Large lot, ideal for new construction. Excellent location.
    Where is this land located?
    The property is located at 607 8 St Jal, NM.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: 12,480 SF lot in Jal, NM, ideal for new construction.; 96' x 130' lot size provides ample space.; Located in Lea County, NM, zip code 88252.
    Request Owner's contact information
    607 8 St Jal, NM 88252
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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
    607 8 St Jal, NM 88252
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