0 Divers Cv, Alamogordo, NM 88310
This exceptional 4.84-acre residential lot in Alamogordo, New Mexico, presents a unique opportunity for building a custom home or developing a smaller project. Located in Otero County, near the Tierra de Suenos Subdivision at 0 Divers Cove, zip code 88310 (APN: 01n4055096249431), this property boasts stunning mountain views while maintaining a sense of privacy. The lot is zoned R1 and offers the convenience of utilities accessible from three sides. While the property is largely secluded, it's surrounded by high-end homes, suggesting a desirable and established neighborhood. Potential uses include building a single-family residence, or exploring other development options such as joint ventures, land leases, or replats. The asking price is $175,000. It's important to note that a portion of the land falls within flood zone AE, and a portion within flood zone X; buyers are strongly encouraged to conduct their own due diligence to verify all property details and flood zone information. This information is provided as is, and all details are subject to buyer verification.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.