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Property profile & analytics
OFF-MARKET
Land

201 Berrendo Ave Roswell, NM 88201

12.24 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.24-acre commercial land parcel presents a significant development opportunity in Roswell, New Mexico. Located at 201 W Berrendo Avenue, this property boasts prominent frontage on both Main Street and Berrendo Avenue, offering unparalleled visibility and accessibility. Its size makes it ideal for a variety of large-scale commercial projects, including the potential for a "big box" development. The strategic location is further enhanced by the presence of established businesses such as Valero and Sonic in the immediate vicinity, suggesting a thriving commercial environment. This is the largest of three contiguous tracts, providing additional development flexibility and potential for synergistic projects. While the Chaves County Assessor's office does not have an official address listed for this specific tract, the address provided is for convenient location identification. The asking price for this remarkable property is $3,445,229. This presents a rare chance to acquire a substantial land holding with exceptional commercial potential in a growing New Mexico market. The property's size and location make it an attractive investment for developers seeking a high-impact project with significant return potential. Serious inquiries are encouraged.

Property profile
Verified
Property type Land
Lot 12.24 ac (533,174 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
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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