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    Nm-18 Eunice, NM 88231

    For Sale
    $875,000

    8.9-acre rail-served distribution center

    Property size:
    387,684 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 8.9-acre industrial property, located near Eunice, New Mexico, presents a unique investment opportunity. Boasting 387,684 square feet of space, this distribution/flex facility is priced at $2.26 per square foot, totaling $875,000. The property features approximately 1,360 feet (a quarter-mile) of rail spur on the Texas New Mexico Railroad, ideal for efficient transportation of goods. Adding to its appeal, the site includes a secure perimeter fence and a well-maintained stabilized caliche road, ensuring easy access. Situated approximately 2.5 miles south of Eunice, NM, with convenient access from Highway 18, this location offers strategic proximity to major transportation routes. Its advantageous position places it close to Highway 176 and within a reasonable distance of key regional hubs: Hobbs, NM (19 miles), Carlsbad, NM (68 miles), and Midland, TX (82 miles). The property's versatility makes it suitable for various industrial and commercial uses, including pipe unloading and sand transloading. The Lea County location, with APN 4220129138720 and zip code 88231, provides a solid foundation for business growth and expansion. This is a rare opportunity to acquire a well-positioned, rail-served industrial property in a thriving region.

    Property Features for 0 Nm-18

    General Information

    Property type
    Flex space
    Square Feet
    387,684 SF
    Lot Size
    387,684 SF

    HighLights

    • Railroad access available.
    • Fully fenced property.
    • Stabilized caliche road provides access.
    • Access to New Mexico State Highway 18.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Eunice
    County
    Lea
    State
    New Mexico
    Longitude
    -103.13591101112
    Latitude
    32.39905000119

    Nearby Comparable

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    • $200,000

      Monument Land: Prime Truck Yard Site

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      60.00 Acres

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    FAQs

    What type of property is this?
    Flex space - 8.9-acre rail-served distribution center
    Where is this flex space located?
    The property is located at Nm-18 Eunice, NM.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Railroad access available.; Fully fenced property.; Stabilized caliche road provides access.
    Request Owner's contact information
    Nm-18 Eunice, NM 88231
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    Eunice, NM 88231
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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
    Nm-18 Eunice, NM 88231
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