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    Tbd Urlacher Dr Dr Lovington, NM 88260

    Sponsored
    For Sale
    $250,000

    1.768 Acres, Commercially Zoned

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.768-acre commercial land parcel presents a remarkable investment opportunity in Lovington, New Mexico. Located at the intersection of Urlacher Drive and 2nd Street and Avenue, this strategically positioned property offers approximately 77,000 square feet of commercially zoned land, ideal for a variety of business ventures. Its prime location makes it highly suitable for a car wash, truck stop, convenience store, retail establishment, or even an RV or mobile home park. The property's size and zoning provide ample space for development and significant potential for return on investment. The address is listed as TBD Urlacher Drive, Lovington, NM 88260, in Lea County. This is a rare opportunity to acquire a sizable, commercially zoned lot in a desirable location, ready for immediate development. The asking price for this exceptional property is $250,000. Don't miss this chance to secure a prime piece of commercial real estate in a growing New Mexico market. The property's convenient location and ample space make it an attractive option for a wide range of commercial uses. Serious inquiries are encouraged.

    Property Features for 0 Tbd Urlacher Dr Dr

    General Information

    Property type
    Land
    Lot Size
    77,014 SF

    HighLights

    • $250,000 asking price.
    • 1.768‑acre land parcel.
    • Commercially zoned, approximately 77,000 square feet.
    • Located in Lovington, NM, at TBD Urlacher Drive, near 2nd Street and Avenue.
    • Suitable for various commercial uses, including car wash, truck stop, convenience store, retail, or RV/mobile home park.
    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 - 1.768 Acres, Commercially Zoned
    Where is this land located?
    The property is located at Tbd Urlacher Dr Dr Lovington, NM.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price.; 1.768-acre land parcel.; Commercially zoned, approximately 77,000 square feet.
    Request Owner's contact information
    Tbd Urlacher Dr Dr 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
    Tbd Urlacher Dr Dr Lovington, NM 88260
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