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OFF-MARKET
Specialty properties

11357 Lovington Hwy Artesia, NM 88210

6,000 SF 1.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 11357 Lovington Hwy in Artesia, New Mexico, presents a unique investment opportunity. The 6,000 square foot building sits on a 1.5-acre lot, fully fenced, providing ample space and security. The property features a spacious commercial shop area with three overhead doors, ideal for various business uses. The building also includes a well-appointed office space, divided between upstairs and downstairs areas. The upstairs office benefits from an HVAC unit for climate control, while the downstairs area offers two bathrooms and convenient storage closets. Two gas heaters ensure comfortable temperatures throughout the shop. A covered area extends from the back of the shop, adding further functionality and protection from the elements. The property's prime location in Artesia, Eddy County, New Mexico (zip code 88210), offers excellent visibility and accessibility. With its combination of shop space, office space, and generous lot size, this property is perfectly suited for a wide range of commercial enterprises. The asking price is $565,000.

Property profile
Verified
Property type Specialty properties
Total area 6,000 SF
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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