1501 Luckey St Carlsbad, NM 88220
This exceptional 11,550 square foot residential lot presents a fantastic opportunity in Carlsbad, New Mexico. Located at 1501 W Luckey Street, zip code 88220, this property is zoned R-1, offering flexibility for building plans. The lot is ideally suited for constructing a new home, with the added benefit of allowing double-wide homes. While city water and electricity are readily available nearby, potential buyers are strongly encouraged to independently verify the availability and specifics of all utilities. Please note that property lines depicted in any accompanying photographs are approximate and should not be considered definitive. This prime piece of land in Eddy County provides a blank canvas for your dream home, offering a chance to create a personalized living space in a desirable location. The asking price for this exceptional opportunity is $40,000. Seize this chance to build your future in Carlsbad.
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
Similar Nearby for Lease
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.