802 Fountain Dr Carlsbad, NM 88220
This exceptional 64.76-acre parcel of land presents a unique investment opportunity in Carlsbad, New Mexico. Located south of 802 Fountain Drive in Eddy County, this property enjoys a desirable location north of Texas Street and south of Church Street, adjacent to the city limits. The convenient proximity to city services is highlighted by the availability of a city water line situated along Fountain Drive and Church Street. Owners will appreciate the expansive views to the south and west, offering breathtaking vistas from C-Hill. The property's potential for annexation into the City of Carlsbad adds significant long-term value. This expansive tract is ideal for a variety of uses, subject to city and county approvals. It's important to note that the parcel offered for sale does not include any existing well pad. The asking price for this remarkable property is $712,360. This represents a compelling opportunity to acquire a substantial land holding in a rapidly growing area with excellent potential for future development. The property's location and access to utilities make it an attractive proposition for both residential and commercial ventures. Serious inquiries are encouraged.
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
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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.