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    Dakota Rd Lovington, NM 88260

    For Sale
    $325,300

    32.53 Acres, New Mexico Farmland

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 32.53-acre property in Lea County, New Mexico, presents a rare opportunity for those seeking land with established water rights. Located near Lovington, NM, on TBD E Dakota Road (zip code 88260), this vacant land offers a tranquil setting near an orchard, ideal for a new home construction project. The property's significant feature is the inclusion of water rights, a highly desirable asset in this region. The land is classified as a farm and ranch, providing versatility for various uses. The location offers a peaceful atmosphere while remaining conveniently situated near the city of Lovington. With its ample acreage and the crucial water rights, this property is a compelling investment for those seeking a rural lifestyle or a development opportunity. The coordinates are 32.995696 latitude and -103.2914205 longitude. The asking price for this unique property is $325,300. Don't miss this chance to own a piece of New Mexico's countryside with the added benefit of secured water resources. Serious inquiries only.

    Property Features for 0 Dakota Rd

    General Information

    Property type
    Farms
    Lot Size
    1,417,007 SF

    HighLights

    • $325,300 asking price.
    • 32.53‑acre land parcel.
    • Located in Lovington, NM, Lea County, zip code 88260.
    • Designated as Farm and Ranch land.
    • Includes valuable water rights.
    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?
    Farm - 32.53 Acres, New Mexico Farmland
    Where is this farm located?
    The property is located at Dakota Rd Lovington, NM.
    What is the asking price?
    The asking price for this property is $325,300.
    What are key features of this property?
    This property features: $325,300 asking price.; 32.53-acre land parcel.; Located in Lovington, NM, Lea County, zip code 88260.
    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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