Your AI Navigator in Commercial Real Estate
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

    Tbd Wilhite Dr Clovis, NM 88101

    Sponsored
    For Sale
    $1,750,000

    Prime 18-acre development opportunity in Clovis, NM.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 18.39-acre parcel of land presents a unique investment opportunity in the thriving city of Clovis, New Mexico. Located on TBD Wilhite Drive, this expansive property offers significant potential for various development projects. The land is situated in Curry County, New Mexico, and boasts a convenient zip code of 88101. Its prime location provides easy access to essential amenities and infrastructure, making it an attractive proposition for both residential and commercial ventures. With its generous size, the property offers ample space for a wide range of development possibilities, from large-scale residential communities to commercial complexes. The asking price for this remarkable land opportunity is $1,750,000. Detailed site surveys and environmental assessments are recommended to fully understand the development potential and any associated costs. Prospective buyers are encouraged to conduct their own due diligence to confirm the suitability of the land for their intended purpose. This is a rare chance to acquire a substantial land holding in a growing New Mexico market. Don't miss this chance to secure a piece of Clovis's future. Contact us today to learn more and schedule a site visit.

    Property Features for 0 Tbd Wilhite Dr

    General Information

    Property type
    Land
    Lot Size
    801,068 SF

    HighLights

    • 18.39‑acre land parcel in Clovis, NM.
    • Located on TBD Wilhite Drive, Curry County, zip code 88101.
    • $1,750,000 asking price.
    • Suitable for residential or commercial development.
    • Buyer to conduct due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.1874969
    Latitude
    34.4483114

    Nearby Similar for Sale

    • $425,000
      Pending

      Versatile Mixed-Use Property, Clovis

      Multi-use property with commercial, residential, and warehouse spaces near Main.
      113 W 4Th St, Clovis, NM 88101
      View Details
    • $575,000
      7,000 SF

      Mixed-Use Property on Prince Street

      Versatile commercial property with income potential in Clovis, New Mexico.
      5120 N Prince St, Clovis, NM 88101
      View Details
    • $625,000
      3,000 SF

      Clovis Office/Medical Building For Sale

      High-efficiency building suitable for office or medical use in Clovis.
      205 E Llano Estacado A Blvd, Clovis, NM 88101
      View Details
    • $395,000
      7,000 SF

      Clovis Mixed-Use Income Property

      Multi-tenant building with commercial and residential units in Clovis, NM.
      322 Main St, Clovis, NM 88101
      View Details
    • Contact for pricing
      16,530 SF

      Versatile Commercial Property in Clovis

      16,000+ sq ft building on 3.55 acres in Clovis, NM
      4400 Mabry Dr, Clovis, NM 88101
      View Details
    • $400,000
      4,737 SF

      Mixed-Use Property in High-Traffic Area

      Office building with shop in central Clovis, high traffic location.
      2700 N Prince St, Clovis, NM 88101
      View Details
    • $99,900
      350 SF

      Clovis Fun Center For Sale

      Miniature golf course with equipment and sound system in Clovis.
      1520 Thornton St, Clovis, NM 88101
      View Details
    • $290,000
      Pending

      Clovis Multi-Unit Investment Property

      Multi-unit property in Clovis, NM, with rental income.
      1320 Ash St, Clovis, NM 88101
      View Details
    • $185,000
      3,193 SF

      Clovis Multifamily Investment Opportunity

      Four-unit multifamily property in Clovis, NM, with income potential.
      515 E 7Th St, Clovis, NM 88101
      View Details
    • $1,800,000
      48,602 SF

      Multi-Use Facility in Clovis, NM

      High-traffic facility with showroom, retail, shop, and RV storage.
      1200 E 1St St, Clovis, NM 88101
      View Details
    • $290,000
      2,808 SF

      Clovis Multi-Unit Investment Property

      Investment property featuring two units, each with two bedrooms.
      1316 Ash St, Clovis, NM 88101
      View Details
    • $139,900
      1,232 SF

      Clovis Ranch on Acre Lot

      Affordable 3-bedroom home on 1 acre, near Cannon AFB.
      1312 Coyote Rd, Clovis, NM 88101
      View Details

    FAQs

    What type of property is this?
    Land - Prime 18-acre development opportunity in Clovis, NM.
    Where is this land located?
    The property is located at Tbd Wilhite Dr Clovis, NM.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 18.39-acre land parcel in Clovis, NM.; Located on TBD Wilhite Drive, Curry County, zip code 88101.; $1,750,000 asking price.
    Request Owner's contact information
    Tbd Wilhite Dr Clovis, NM 88101
    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.
    Tbd Wilhite Dr
    Clovis, NM 88101
    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.

    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
    Tbd Wilhite Dr Clovis, NM 88101
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.