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    Dakota Rd Lovington, NM 88260

    Sponsored
    For Sale
    $325,300

    Prime 32-acre lot, abundant water rights.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 32.53-acre parcel of land presents a rare opportunity in Lovington, New Mexico. Located on TBD E Dakota Road in Lea County, zip code 88260 (latitude 32.995696, longitude -103.2914205), this vacant land boasts a significant advantage: established water rights. This is a crucial feature for any development plans, ensuring a reliable water supply. The property's location offers a peaceful setting near an orchard, providing a tranquil environment while remaining conveniently situated within the town of Lovington. The asking price for this expansive lot is $325,300. Given the scarcity of land with water rights in this area, this represents a compelling investment opportunity for those seeking to build a new home or pursue other development projects. The property's size and water rights make it suitable for a variety of uses, subject to local zoning regulations. Serious inquiries are encouraged to explore the potential of this unique property. Don't miss this chance to acquire a substantial land holding with a guaranteed water source.

    Property Features for 0 Dakota Rd

    General Information

    Property type
    Land
    Lot Size
    1,417,007 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.2914205
    Latitude
    32.995696

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    FAQs

    What type of property is this?
    Land - Prime 32-acre lot, abundant water rights.
    Where is this land located?
    The property is located at Dakota Rd Lovington, NM.
    What is the asking price?
    The asking price for this property is $325,300.
    Request Owner's contact information
    Dakota 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
    Dakota Rd Lovington, NM 88260
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