Property profile

4712 Styles Rd Rd Lovington, NM 88260

OFF-MARKET
Land
115.35 ac lot
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Property summary

AI-generated overview

This exceptional 115.35-acre property in Lea County, New Mexico, presents a unique investment opportunity. Located at 4712 Styles Road Road, Lovington, NM 88260 (32.853347, -103.294054), this expansive land parcel offers diverse potential uses. Previously utilized as a dairy farm, the property is now ready for its next chapter. Its current configuration includes existing corrals, suitable for cattle ranching, and presents itself as a prime location for commercial ventures such as a trucking yard or even a potential home site. Convenient access is provided via Styles Road, with proximity to the Lovington/Hobbs Highway and the Arkansas Junction Highway ensuring excellent connectivity. The property boasts existing infrastructure including a well and septic system, significantly reducing initial development costs. Furthermore, a substantial metal shop building and several smaller outbuildings are included. The property is being offered "AS IS," reflecting the asking price of $275,000. This represents a compelling opportunity to acquire a significant land holding in a strategically advantageous location.

Property profile

Verified
Property type Land
Lot 115.35 ac (5,024,646 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4712 Styles Rd Rd Lovington, NM 88260
Lovington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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