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    713 Ridgecrest Dr Dr Carlsbad, NM 88220

    Sponsored
    For Sale
    $1,200,000

    Prime 31-acre lot, Carlsbad, NM. Excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 31.16-acre parcel of land presents a unique investment opportunity in Carlsbad, New Mexico. Located north of 713 Ridgecrest Drive, in Eddy County, zip code 88220, this property offers significant potential for development. The land is currently vacant and presents the possibility of creating numerous additional lots, making it ideal for a subdivision project. Its strategic location is a key advantage, being situated near the Lake Carlsbad Golf Course, providing a desirable residential setting. The asking price for this expansive property is $1,200,000. Please note that the current tax levy is calculated based on the listed price. This property is classified as Land and is ready for your vision. Coordinates are 32.4303961 latitude and -104.2073678 longitude. This is a chance to acquire a substantial tract of land in a growing area with excellent potential for future growth and development. Serious inquiries only.

    Property Features for 713 Ridgecrest Dr Dr

    General Information

    Property type
    Land
    Lot Size
    1,357,330 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.2073678
    Latitude
    32.4303961

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    FAQs

    What type of property is this?
    Land - Prime 31-acre lot, Carlsbad, NM. Excellent development potential.
    Where is this land located?
    The property is located at 713 Ridgecrest Dr Dr Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (575) 631-4116
    Request Owner's contact information
    713 Ridgecrest Dr 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
    713 Ridgecrest Dr Dr Carlsbad, NM 88220
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