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    880 Derrick Rd Carlsbad, NM 88220

    For Sale
    $359,758

    Prime Eddy County commercial land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4.523-acre commercial lot is ideally situated in Carlsbad, New Mexico, at 880 W Derrick Road, zip code 88220. Located conveniently east of the Cavern City Air Terminal, this property presents a fantastic opportunity for commercial or industrial development. The land is ready for immediate construction, with all lots to be leveled and caliched prior to sale. Infrastructure is already in place, including city water access and paved street frontage. Electricity is readily available along Production Lane. Buyers should note that septic systems are not included and will be required. This property offers significant potential for businesses seeking a strategic location with excellent access and amenities. The asking price for this exceptional parcel is $359,758. For those interested in leasing, the seller will consider lease options at a rate of $1060.00 per acre, with leasing terms to be determined. This is a rare opportunity to acquire a well-positioned, fully prepared commercial lot in a thriving New Mexico community. Don't miss out on this chance to establish your business in a prime location.

    Property Features for 880 Derrick Rd

    General Information

    Property type
    Land
    Lot Size
    197,022 SF

    HighLights

    • $359,758 asking price.
    • 4.523‑acre commercial land parcel.
    • Located in Carlsbad, NM, at 880 W Derrick Road, Eddy County, zip code 88220.
    • Ready for immediate development; located near Cavern City Air Terminal.
    • Seller will consider lease options at $1060/acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.24094
    Latitude
    32.342228

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    FAQs

    What type of property is this?
    Land - Prime Eddy County commercial land, ready to build.
    Where is this land located?
    The property is located at 880 Derrick Rd Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $359,758.
    What are key features of this property?
    This property features: $359,758 asking price.; 4.523-acre commercial land parcel.; Located in Carlsbad, NM, at 880 W Derrick Road, Eddy County, zip code 88220.
    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
    880 Derrick Rd Carlsbad, NM 88220
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