Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    710 Ridgecrest Dr Dr Carlsbad, NM 88220

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 18,948 sq ft lot in Carlsbad, NM.

    Property Features for 710 Ridgecrest Dr Dr

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Joy Ainsworth
    Joy Ainsworth

    Listing Agent: Joy Ainsworth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 18,948.6 square foot lot, located at 710 Ridgecrest Drive Drive in Carlsbad, New Mexico, presents a unique opportunity for building a custom home. Situated in Eddy County, zip code 88220, this property offers a tranquil setting within a planned development, boasting stunning natural beauty. The lot's expansive size provides ample space for a spacious residence and landscaping. Enjoy the convenience of proximity to the Lake Carlsbad Municipal Golf Course, adding to the desirability of this location. Imagine waking up to breathtaking sunrises and ending your day with equally captivating sunsets. The property's coordinates are 32.430662 latitude and -104.2065609 longitude. This is an exceptional opportunity to create your ideal living space in a desirable Carlsbad neighborhood. The asking price for this remarkable lot is $75,000. Don't miss this chance to build your dream home in this picturesque setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.2065609
    Latitude
    32.430662

    Nearby Similar for Sale

    • $3,200,000
      17,500 SF

      Carlsbad Industrial Hub Property

      Expansive property with premium office and efficient warehouse space.
      5302 Arroyo Dr, Carlsbad, NM
      View Details
    • Contact for pricing
      23,000 SF

      Carlsbad Retail/Auto Opportunity

      Former auto repair shop located off main retail corridor.
      215 W Fox St, Carlsbad, NM 88220
      View Details
    • $183,000
      1,228 SF

      Carlsbad Commercial Property Investment

      Three lots, habitable house, C2 zoning.
      701 Halagueno St, Carlsbad, NM 88220
      View Details
    • $1,400,000
      10,848 SF

      Carlsbad Commercial Building - High Visibility

      Income-producing property, highway frontage, large warehouse.
      3221 National Park Hwy Hwy, Carlsbad, NM 88220
      View Details
    • Contact for pricing
      2,100 SF

      Carlsbad Commercial Space - High Visibility

      Prime location, ample parking, great for office or retail.
      1709 Church St, Carlsbad, NM 88220
      View Details
    • $449,999
      4,900 SF

      Prime Carlsbad Commercial Space

      High-traffic location, 4900 sq ft building.
      2205 Church St, Carlsbad, NM 88220
      View Details
    • $1,000,000
      23,000 SF

      Carlsbad Warehouse: Prime Location

      23,000 SF Warehouse, Owner/User
      215 Fox St, Carlsbad, NM 88220
      View Details
    • $13,000,000
      46,480 SF

      Carlsbad Holiday Inn Express

      80-key hotel, strong ROI potential.
      2210 Pierce St, Carlsbad, NM 88220
      View Details
    • $6,165,000
      15,944 SF

      Carlsbad Industrial Flex Building

      Investment-grade tenant, high NOI.
      2120 Aviation Way, Carlsbad, NM 88220
      View Details

    FAQs

    What type of property is this?
    Land - Prime 18,948 sq ft lot in Carlsbad, NM.
    Where is this land located?
    The property is located at 710 Ridgecrest Dr Dr Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $75,000.
    (575) 631-4116 Call to check price and availability
    Request Owner's contact information
    710 Ridgecrest Dr Dr Carlsbad, NM 88220
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    710 Ridgecrest Dr Dr
    Carlsbad, NM 88220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    710 Ridgecrest Dr Dr Carlsbad, NM 88220
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joy Ainsworth
    Joy Ainsworth
    Real Estate License ID: 48500
    (575) 631-4116 (575) 616-2430
    Learn more
    Google sign-in failed. Please try again or use another login method.