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    2 Texas St Lovington, NM 88260

    For Sale
    Contact for pricing

    7,000 sq ft Lea County Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents two contiguous lots totaling 7,000 square feet, ideally situated in Lovington, New Mexico. Located on Texas Street in Lea County, this property offers significant potential for development. The combined lot size provides ample space for a variety of projects, making it attractive to builders, investors, or anyone seeking a substantial parcel in a growing area. The address is listed as TBD LOT 1 & 2 Texas Street, Lovington, NM 88260. The property's dimensions are approximately 50 feet by 140 feet, providing a rectangular footprint suitable for various construction plans. The asking price for this combined land parcel is $20,000, representing a compelling value in the current market. Given its size and location, this property is well-suited for residential or commercial development, offering a strong return on investment for the discerning buyer. The property is conveniently located within Lovington, providing easy access to local amenities and infrastructure. This is a rare opportunity to acquire a significant land holding in a desirable location, presenting a strong potential for future appreciation. Serious inquiries are encouraged to explore the possibilities of this prime real estate offering. The latitude and longitude coordinates are 32.9753361, -103.4511768 respectively.

    Property Features for 2 Texas St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.4511768
    Latitude
    32.9753361

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    FAQs

    What type of property is this?
    Land - 7,000 sq ft Lea County Land
    Where is this land located?
    The property is located at 2 Texas St Lovington, NM.
    What is the asking price?
    The asking price for this property is $20,000.
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    2 Texas St Lovington, NM 88260
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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
    2 Texas St Lovington, NM 88260
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