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    2 Lot 5 Rd Deming, NM 88030

    For Sale
    Contact for pricing

    1.96-acre lot, secluded yet convenient. Seller financing available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.96-acre parcel of land presents a unique opportunity in the desirable L Lazy V Estates subdivision, located in Deming, New Mexico. Situated on TBD Grulla Mountain Rd SE, Block 2 Lot 5, this undeveloped lot offers a tranquil escape while remaining conveniently close to the amenities of Deming. Enjoy breathtaking mountain and desert views from your future property. The lot boasts access to city water (City of Deming) and PNM Electric at the street, simplifying the utility connection process. While a septic tank and propane tank would need to be installed by the buyer for those utilities, the absence of Homeowners Associations (HOAs) or restrictive covenants, codes, and restrictions (CC&Rs) provides maximum flexibility. This property is further enhanced by the seller's willingness to offer seller financing, making this dream property more accessible. This is a rare chance to own a piece of the New Mexico landscape in a peaceful setting, yet close to town. The property is located in Luna County, NM, zip code 88030, with GPS coordinates 32.2518727 latitude and -107.763621 longitude. The asking price for this remarkable opportunity is $25,000.

    Property Features for 2 Lot 5 Rd

    General Information

    Property type
    Land
    Lot Size
    85,378 SF

    HighLights

    • $25,000 asking price.
    • 1.96‑acre land parcel.
    • Located in Deming, NM, Luna County, zip code 88030.
    • City water and PNM electric available at the street.
    • No HOA fees or CC&Rs.
    • Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Deming
    County
    Luna
    State
    New Mexico
    Longitude
    -107.763621
    Latitude
    32.2518727

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    FAQs

    What type of property is this?
    Land - 1.96-acre lot, secluded yet convenient. Seller financing available.
    Where is this land located?
    The property is located at 2 Lot 5 Rd Deming, NM.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: $25,000 asking price.; 1.96-acre land parcel.; Located in Deming, NM, Luna County, zip code 88030.
    Request Owner's contact information
    2 Lot 5 Rd Deming, NM 88030
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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
    2 Lot 5 Rd Deming, NM 88030
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