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    6824 Nm-8 St Monument, NM 88265

    For Sale
    $200,000

    29,000 SF Lot, $200,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 29,000 square foot land parcel presents a remarkable investment opportunity in Monument, New Mexico. Located at 6824 NM-8 Street, this property is ideally situated for a variety of commercial uses, particularly as a truck yard. The site's expansive area provides ample space for maneuvering and storage, making it highly suitable for businesses requiring significant outdoor operational space. The address is within Lea County, New Mexico, and boasts a convenient location in Monument, with a zip code of 88265. The property's strategic positioning offers excellent accessibility and visibility, enhancing its potential for attracting customers and streamlining operations. The asking price for this prime commercial land is $200,000. This represents a compelling opportunity to acquire a substantial land holding in a growing area, perfectly suited for a truck yard or similar commercial venture. The property consists of four lots situated on Cowden (Main Street), ensuring high visibility and convenient access for trucks and other commercial vehicles. Given its size, location, and zoning potential, this property is poised for significant return on investment. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure this exceptional commercial land opportunity in Monument, New Mexico.

    Property Features for 6824 Nm-8 St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monument
    County
    Lea
    State
    New Mexico
    Longitude
    -103.3414022
    Latitude
    32.5827879

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    FAQs

    What type of property is this?
    Land - 29,000 SF Lot, $200,000
    Where is this land located?
    The property is located at 6824 Nm-8 St Monument, NM.
    What is the asking price?
    The asking price for this property is $200,000.
    (432) 295-7670
    Request Owner's contact information
    6824 Nm-8 St Monument, NM 88265
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    Monument, NM 88265
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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
    6824 Nm-8 St Monument, NM 88265
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