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    24 Humble St Lovington, NM 88260

    Sponsored
    For Sale
    Contact for pricing

    7,000 sq ft buildable land in Lea County

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional opportunity presents two contiguous lots totaling 7,000 square feet of buildable land, ideally situated in Lovington, New Mexico. Located at TBD LOT 23 & 24 Humble Street, this property offers significant potential for development. The land is conveniently located within Lea County, offering easy access to local amenities and infrastructure. With dimensions of approximately 50 feet by 140 feet, the lots provide ample space for a variety of construction projects. The asking price for this prime piece of real estate is $25,000, representing a compelling investment opportunity in a growing New Mexico community. The property is zoned for [Zoning information not provided, therefore cannot be included]. Prospective buyers are encouraged to conduct their own due diligence to verify zoning regulations and confirm suitability for intended use. Utilities are available at the street. This is a rare chance to acquire a well-positioned parcel of land in Lovington, NM, perfect for those seeking to build a new home, develop a commercial project, or add to an existing portfolio. The property's location in the 88260 zip code provides easy access to local businesses, schools, and transportation routes. Act quickly, as this opportunity is unlikely to last.

    Property Features for 24 Humble St

    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
    -103.4511768
    Latitude
    32.9753361

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    FAQs

    What type of property is this?
    Land - 7,000 sq ft buildable land in Lea County
    Where is this land located?
    The property is located at 24 Humble St Lovington, NM.
    What is the asking price?
    The asking price for this property is $25,000.
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    24 Humble St 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
    24 Humble St Lovington, NM 88260
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