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    7776 Nm 206 Rd Portales, NM 88130

    Sponsored
    For Sale
    $99,000

    Affordable land near city amenities. Great development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.5-acre parcel of land presents a unique investment opportunity in Portales, New Mexico. Located conveniently near the city limits, this property offers significant potential for various development projects. Its strategic location adjacent to the Farmers Country Market provides excellent visibility and accessibility. The property's proximity to the Board of Education and Portales Retirement Housing further enhances its appeal. A key advantage is the possibility of annexation into the city, granting access to city water and sewer services, a significant benefit for future development plans. The asking price is $99,000, making this a highly attractive proposition for investors seeking land with substantial upside potential in a desirable location. The address is 7776 Nm 206 Road, Portales, NM 88130, in Roosevelt County. The property's size and location offer numerous possibilities, making it an ideal choice for those seeking a versatile land investment in a growing community. The latitude and longitude coordinates are 34.1027664 and -103.3372345 respectively.

    Property Features for 7776 Nm 206 Rd

    General Information

    Property type
    Land
    Lot Size
    152,460 SF

    HighLights

    • 3.5‑acre land parcel in Portales, NM, near city limits.
    • Excellent visibility and accessibility due to adjacency to Farmers Country Market.
    • Proximity to Board of Education and Portales Retirement Housing.
    • Potential for city annexation, providing access to city water and sewer.
    • Asking price: $99,000.
    • Address: 7776 Nm 206 Road, Portales, NM 88130 (Roosevelt County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.3372345
    Latitude
    34.1027664

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    FAQs

    What type of property is this?
    Land - Affordable land near city amenities. Great development potential.
    Where is this land located?
    The property is located at 7776 Nm 206 Rd Portales, NM.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 3.5-acre land parcel in Portales, NM, near city limits.; Excellent visibility and accessibility due to adjacency to Farmers Country Market.; Proximity to Board of Education and Portales Retirement Housing.
    Request Owner's contact information
    7776 Nm 206 Rd Portales, NM 88130
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    Portales, NM 88130
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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
    7776 Nm 206 Rd Portales, NM 88130
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