Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1070 Curry Rd Clovis, NM 88101
    Property profile & analytics

    1070 Curry Rd, Clovis, NM 88101

    View on Map
    • Land
    • 20.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1070 Curry Rd

    Lot size
    20.21 lot acres
    Property type
    Land

    Description

    This exceptional 20.21-acre property, located at 1070 Curry Road 16 in Clovis, New Mexico (zip code 88101), presents a unique opportunity for commercial and residential development. Situated conveniently north of Clovis, this expansive lot boasts significant advantages. The land is easily accessible, being located directly on paved roads. Three sides of the property are already fenced, providing a head start on development and security. All essential utilities are readily available, simplifying the construction process and reducing upfront costs. With approximately 655 feet of frontage and a depth of 1322 feet, the property offers ample space for a variety of uses. The generous dimensions allow for the construction of a substantial residence alongside ample space for additional structures or open areas, making it suitable for a range of projects, from commercial ventures to residential developments with accompanying outbuildings. The property is zoned for both commercial and residential use, offering flexibility for diverse development plans. This versatile land parcel represents a compelling investment opportunity in a desirable location. The asking price for this remarkable property is $125,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.209
    Latitude
    34.492

    Comparable in this City

    • Value Estimation by Request
      9.03 Acres

      1561 Us Hy 60-84

      Land
      1561 Us Hy 60-84, Clovis, NM 88101
      View Details
    • Value Estimation by Request
      2.15 Acres

      4420 Mabry Dr Dr

      Land
      4420 Mabry Dr Dr, Clovis, NM 88101-4420
      View Details
    • Value Estimation by Request

      807 Lexington Ave

      Office Spaces
      807 Lexington Ave, Clovis, NM 88101
      View Details
    • Value Estimation by Request
      1.06 Acres

      2901 Prince St

      Office Spaces
      2901 Prince St, Clovis, NM 88101
      View Details
    • Value Estimation by Request
      17.06 Acres

      5100 Mabry Dr

      Land
      5100 Mabry Dr, Clovis, NM 88101
      View Details
    • Value Estimation by Request
      3.05 Acres

      3400 21St St

      Land
      3400 21St St, Clovis, NM 88101
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      18.39 Acres of Land

      18.39 acres of land available for sale.
      Tbd Wilhite Dr, Clovis, NM 88101
      View Details
    • $85,000
      10.00 Acres

      Land For Sale, Clovis, NM

      10 acre land parcel available in Clovis, New Mexico.
      1310 Ryan Rd, Clovis, NM 88101
      View Details
    • $35,000
      1.00 Acre

      Land in Clovis, New Mexico

      One-acre land parcel with well, septic, and electricity.
      11 Navajo Rd, Clovis, NM 88101
      View Details
    • Contact for pricing

      Land with Workshop and Electricity

      Land featuring a workshop built over boxcars with electricity.
      913 Hickory St, Clovis, NM 88101
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase in Clovis, New Mexico.
      3009 N Prince St, Clovis, NM 88101
      View Details
    • $1,750,000
      18.39 Acres

      18.39 Acres Land in Clovis

      18.39 acres of land for sale in Clovis, NM.
      Wilhite Dr, Clovis, NM 88101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease, suitable for a single tenant.
      Clovis Nwq Prince St And Llano Estacado Blvd, Clovis, NM 88101
      View Details
    • Contact for pricing
      2,295 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      4001-4017 N Prince St, Clovis, NM 88101
      View Details
    • Contact for pricing

      Former Dealership with Shop Space

      Mixed-use property featuring showroom, offices, shop, and outdoor area.
      4400 Mabry Dr, Clovis, NM 88101
      View Details
    Request Owner's contact information
    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.
    1070 Curry Rd
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1070 Curry Rd, Clovis, NM, 88101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!