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    R17 Cactus Ln Artesia, NM 88210

    For Sale
    $201,000

    Prime Eddy County acreage, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 19.18-acre parcel of land is situated in Artesia, New Mexico, within Eddy County, and boasts a highly desirable location. The property, identified as R17 Cactus Lane, zip code 88210, offers convenient access to Highway 285, enhancing its appeal for various development projects. The land is uniquely configured with four separate access points, one at each corner, providing flexibility and potential for subdivision. Existing infrastructure includes a well, septic system, and an electric meter, significantly reducing initial development costs. The seller is open to considering the sale of smaller, subdivided parcels, presenting an attractive opportunity for investors seeking smaller land holdings. The property's coordinates are 32.787996 latitude and -104.3998254 longitude. This versatile land presents a rare opportunity for a variety of uses, from residential development to commercial ventures, given its size, location, and existing utilities. The asking price for this expansive property is $201,000. Don't miss this chance to acquire a significant piece of land in a rapidly growing area.

    Property Features for R17 Cactus Ln

    General Information

    Property type
    Land
    Lot Size
    835,481 SF

    HighLights

    • $201,000 asking price.
    • 19.18‑acre land parcel.
    • Located in Artesia, NM, Eddy County, zip code 88210.
    • Four access points.
    • Close proximity to Hwy 285.
    • Existing well, septic, and electric meter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store Food Market Storage Facility Car Rental Cosmetics Store Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.3998254
    Latitude
    32.787996

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    FAQs

    What type of property is this?
    Land - Prime Eddy County acreage, ideal for development.
    Where is this land located?
    The property is located at R17 Cactus Ln Artesia, NM.
    What is the asking price?
    The asking price for this property is $201,000.
    What are key features of this property?
    This property features: $201,000 asking price.; 19.18-acre land parcel.; Located in Artesia, NM, Eddy County, zip code 88210.
    Request Owner's contact information
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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
    R17 Cactus Ln Artesia, NM 88210
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