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    1000 Derrick Rd Carlsbad, NM 88220

    Sponsored
    For Sale
    $562,275

    Prime 160-acre development tract in Eddy County.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 160.65-acre land parcel presents a compelling investment opportunity in Carlsbad, New Mexico. Situated just south of the city off Derrick Road, this property offers significant potential for various development projects. The asking price is $562,275, translating to $3,500 per acre. Its strategic location provides convenient access to existing infrastructure and nearby industrial development, making it an attractive option for businesses seeking expansion or new ventures. The property is located within the Otis Water District, providing access to municipal water services, or the option exists to drill a private well. The expansive acreage provides ample space for a wide range of development possibilities, from industrial facilities to potential residential subdivisions (subject to local zoning regulations). Detailed site surveys and environmental assessments are recommended to fully understand the development potential and any associated costs. This property is being offered as-is. Interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended use. The property's address is 1000 E Derrick Road, Carlsbad, NM 88220. Contact us today to learn more about this unique opportunity.

    Property Features for 1000 Derrick Rd

    General Information

    Property type
    Land
    Lot Size
    6,997,914 SF

    HighLights

    • 160.65‑acre land parcel in Carlsbad, NM, priced at $562,275 ($3,500/acre).
    • Located south of Carlsbad off Derrick Road, near existing infrastructure and industrial development.
    • Access to municipal water (Otis Water District) or option to drill a private well.
    • Suitable for various developments (industrial, residential – subject to zoning).
    • Sold as‑is; buyer to conduct due diligence. Address: 1000 E Derrick Road, Carlsbad, NM 88220.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Hotel & Motel Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.2040166
    Latitude
    32.3417697

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    FAQs

    What type of property is this?
    Land - Prime 160-acre development tract in Eddy County.
    Where is this land located?
    The property is located at 1000 Derrick Rd Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $562,275.
    What are key features of this property?
    This property features: 160.65-acre land parcel in Carlsbad, NM, priced at $562,275 ($3,500/acre).; Located south of Carlsbad off Derrick Road, near existing infrastructure and industrial development.; Access to municipal water (Otis Water District) or option to drill a private well.
    Request Owner's contact information
    1000 Derrick Rd 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
    1000 Derrick Rd Carlsbad, NM 88220
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