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    802 Fountain Dr Carlsbad, NM 88220

    For Sale
    $712,360

    Prime Eddy County land, city water access. Exceptional views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 64.76-acre parcel of land presents a unique investment opportunity in Carlsbad, New Mexico. Located south of 802 Fountain Drive in Eddy County, this property enjoys a desirable location north of Texas Street and south of Church Street, adjacent to the city limits. The convenient proximity to city services is highlighted by the availability of a city water line situated along Fountain Drive and Church Street. Owners will appreciate the expansive views to the south and west, offering breathtaking vistas from C-Hill. The property's potential for annexation into the City of Carlsbad adds significant long-term value. This expansive tract is ideal for a variety of uses, subject to city and county approvals. It's important to note that the parcel offered for sale does not include any existing well pad. The asking price for this remarkable property is $712,360. This represents a compelling opportunity to acquire a substantial land holding in a rapidly growing area with excellent potential for future development. The property's location and access to utilities make it an attractive proposition for both residential and commercial ventures. Serious inquiries are encouraged.

    Property Features for 802 Fountain Dr

    General Information

    Property type
    Land
    Lot Size
    2,820,946 SF

    HighLights

    • $712,360 asking price.
    • 64.76‑acre land parcel.
    • Located south of 802 Fountain Drive, Carlsbad, NM 88220.
    • Eddy County, adjacent to Carlsbad city limits.
    • City water access available nearby.
    • Potential for city annexation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Kitchen & Bath Accounting Firm HVAC Service Storage Facility Garden Center Discount 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
    -104.2730671
    Latitude
    32.4289676

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    FAQs

    What type of property is this?
    Land - Prime Eddy County land, city water access. Exceptional views.
    Where is this land located?
    The property is located at 802 Fountain Dr Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $712,360.
    What are key features of this property?
    This property features: $712,360 asking price.; 64.76-acre land parcel.; Located south of 802 Fountain Drive, Carlsbad, NM 88220.
    Request Owner's contact information
    802 Fountain Dr 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
    802 Fountain Dr Carlsbad, NM 88220
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