Property profile

8 Ave K St Lovington, NM 88260

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 16,876.45 square foot lot, located at lot 8A, block 8, W Avenue K Street in Lovington, New Mexico, presents a unique opportunity for discerning buyers. Priced at $60,000, this property offers ample space for constructing a substantial custom home. Situated in Lea County, zip code 88260, the lot's generous size provides significant flexibility in design and landscaping. The location benefits from specific area restrictions designed to protect the character of the neighborhood and encourage the development of larger homes. Prospective buyers are encouraged to review the property restrictions for complete details regarding building codes and regulations. This prime piece of land is ready for development, offering a blank canvas for your dream home in a desirable location. The coordinates are 32.9365329 latitude and -103.3521663 longitude. Don't miss this chance to build your dream home in a community that values quality construction and spacious living. Act quickly, as opportunities like this are rare.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

8 Ave K St Lovington, NM 88260
Lovington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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