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    D Tbd Lots 13 & 14 Ave Lovington, NM 88260

    For Sale
    $40,000

    7,500 sq ft Lea County land, near parks.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional opportunity presents two contiguous lots totaling 7,500 square feet, ideally situated in Lovington, New Mexico, within Lea County. The property, identified as TBD Lots 13 & 14 Ave D, is priced competitively at $40,000. This represents a significant value for investors seeking land in a desirable location. The lots measure approximately 50 feet by 165 feet, offering considerable flexibility for development. The convenient location offers proximity to key community amenities. Noteworthy is its close proximity to the Lea County State Fair Grounds and Chaparral Park, providing easy access to recreational activities and community events. The property's zoning and potential uses should be independently verified by prospective buyers. This is a rare opportunity to acquire land in a growing area, making it suitable for a variety of development projects. The address is TBD Lots 13 & 14 Ave D, Lovington, NM 88260. Serious inquiries are encouraged to explore the potential of this valuable property. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for D Tbd Lots 13 & 14 Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.3658604
    Latitude
    32.9439091

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    FAQs

    What type of property is this?
    Land - 7,500 sq ft Lea County land, near parks.
    Where is this land located?
    The property is located at D Tbd Lots 13 & 14 Ave Lovington, NM.
    What is the asking price?
    The asking price for this property is $40,000.
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    D Tbd Lots 13 & 14 Ave 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
    D Tbd Lots 13 & 14 Ave Lovington, NM 88260
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