0 Water Ave, Lovington, NM 88260
This exceptional 50-acre property, located in northeast Lovington, New Mexico, presents a unique investment opportunity. Currently used as pastureland in Lea County, this expansive tract offers significant potential for diverse development. Ideal for creating a custom-built home on acreage, or even a highly desirable subdivision featuring multiple homes on larger lots – a sought-after commodity in this area. The property is situated at TBD E Water, Lovington, NM 88260 (32.982899, -103.328654). While listed as approximately 50 acres, the exact acreage is subject to survey and potential redivision, allowing for negotiation of slightly smaller or larger parcels. The property has not yet been surveyed and separated. Covenants and restrictions will be established, subject to negotiation between buyer and seller, but generally, only site-built homes will be permitted
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
Similar Nearby for Sale
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.