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    2407 Greene St Hwy Carlsbad, NM 88220

    For Sale
    $415,000

    18-Acre Commercial Property w/ Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 18.389-acre commercial property in Carlsbad, New Mexico, presents a unique investment opportunity. Located south of 2407 E Greene St Highway, the property enjoys excellent highway visibility. The site features a substantial 80' x 40' metal building, constructed in 2011, which includes 13 offices, a fully equipped kitchen, two meeting rooms, and four restrooms. Adding to its versatility, the property also includes three RV hookups and a one-bedroom, one-bathroom trailer that will convey with the sale. The property's zoning is currently designated as commercial on the front acreage and rural/residential on the remaining back acreage, offering flexibility for various development scenarios. The asking price for this expansive and well-equipped property is $415,000. Its strategic location and diverse features make it an ideal choice for businesses seeking a prominent presence in a thriving area. The property's size and existing infrastructure provide ample space for expansion or adaptation to suit a wide range of commercial needs. This is a truly remarkable opportunity to acquire a substantial and versatile commercial property in a desirable New Mexico location. The property is situated in Eddy County, New Mexico, with a zip code of 88220.

    Property Features for 2407 Greene St Hwy

    General Information

    Property type
    Distribution properties
    Lot Size
    801,025 SF

    Building Details

    Year Built
    2011
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.1538786
    Latitude
    32.4513835

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    FAQs

    What type of property is this?
    Distribution property - 18-Acre Commercial Property w/ Building
    Where is this distribution property located?
    The property is located at 2407 Greene St Hwy Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $415,000.
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    2407 Greene St Hwy Carlsbad, NM 88220
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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
    2407 Greene St Hwy Carlsbad, NM 88220
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