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    1250 Sr 245 Hwy Clovis, NM 88101

    For Sale
    $814,000

    Prime Commercial Land, Highway Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 185-acre parcel presents a remarkable commercial development opportunity in Clovis, New Mexico. Strategically located on Highway 245, this property boasts one mile of frontage along the Llano Estacado, ensuring high visibility and accessibility. Its prime location on a major thoroughfare leading to Cannon Air Force Base guarantees significant traffic exposure, making it ideal for a variety of commercial ventures. The land's proximity to the city limits further enhances its appeal. Envision a large-scale retail development, a multi-family housing complex, or any number of big-box stores thriving in this high-traffic area. The versatility of this expansive tract allows for considerable flexibility in development plans. While the entire 185 acres are available, the property is also divisible, with a minimum purchase of 37 acres. This presents a unique opportunity for investors seeking a substantial land holding or developers looking to create a significant commercial project in a rapidly growing area. The asking price for this exceptional property is $814,000. Serious inquiries are encouraged. This is a rare chance to acquire a substantial piece of land with significant commercial potential in a desirable location. Don't miss this opportunity to secure a prime piece of New Mexico real estate.

    Property Features for 1250 Sr 245 Hwy

    General Information

    Property type
    Land
    Lot Size
    8,058,600 SF

    HighLights

    • $814,000 asking price.
    • 185‑acre land parcel.
    • Located in Clovis, NM, at 1250 Sr 245 Highway, Curry County, zip code 88101.
    • High‑traffic location on a major roadway near Cannon Air Force Base (CAFB).
    • One mile of frontage on Llano Estacado.
    • Suitable for commercial development, including big‑box retail or multi‑family housing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.240882
    Latitude
    34.43757

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Highway Frontage
    Where is this land located?
    The property is located at 1250 Sr 245 Hwy Clovis, NM.
    What is the asking price?
    The asking price for this property is $814,000.
    What are key features of this property?
    This property features: $814,000 asking price.; 185-acre land parcel.; Located in Clovis, NM, at 1250 Sr 245 Highway, Curry County, zip code 88101.
    (575) 693-3287
    Request Owner's contact information
    1250 Sr 245 Hwy Clovis, NM 88101
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    Clovis, NM 88101
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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
    1250 Sr 245 Hwy Clovis, NM 88101
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