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    7000 Old Cavern Hwy Carlsbad, NM 88220

    For Sale
    $558,880

    Prime Eddy County development land. $3,500/acre.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 159.68-acre parcel presents a compelling investment opportunity in Carlsbad, New Mexico. Situated conveniently south of Old Cavern Highway and Derrick Road, this expansive tract offers significant potential for various development projects. The asking price is $558,880, translating to an attractive price point of $3,500 per acre. The property's location offers proximity to existing industrial development, suggesting strong potential for synergy and growth. Water access is readily available through the Otis Water District, or the possibility exists to drill a private well, providing flexibility for future development plans. The property's size and strategic location make it an ideal candidate for a range of uses, from industrial expansion to potential residential or commercial development, subject to local zoning regulations and approvals. This substantial land holding in Eddy County represents a rare chance to acquire a significant acreage in a developing area of New Mexico. The address is 7000 Old Cavern Highway, Carlsbad, NM 88220. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's potential and limitations.

    Property Features for 7000 Old Cavern Hwy

    General Information

    Property type
    Land
    Lot Size
    6,955,661 SF

    HighLights

    • $558,880 asking price.
    • 159.68‑acre land parcel.
    • Located at 7000 Old Cavern Highway, Carlsbad, NM 88220.
    • Priced at $3,500 per acre.
    • Potential for development; industrial development nearby.
    • Water access via Otis Water District or by drilling a well.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Storage Facility Discount Store Bookstore

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.233568
    Latitude
    32.337523

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    FAQs

    What type of property is this?
    Land - Prime Eddy County development land. $3,500/acre.
    Where is this land located?
    The property is located at 7000 Old Cavern Hwy Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $558,880.
    What are key features of this property?
    This property features: $558,880 asking price.; 159.68-acre land parcel.; Located at 7000 Old Cavern Highway, Carlsbad, NM 88220.
    Request Owner's contact information
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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
    7000 Old Cavern Hwy Carlsbad, NM 88220
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