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    OFF-MARKET
    Land

    0 Water Ave, Lovington, NM 88260

    50 ac lot
    Property ID
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Land
    Lot 50 ac (2,178,000 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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