Property profile

6206 6 Shooter St Lovington, NM 88260

OFF-MARKET
Commercial real estate
1,072 SF 65 ac lot Built 2013
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Property summary

AI-generated overview

This exceptional 65-acre property in Lovington, New Mexico, presents a unique investment opportunity. The land boasts approximately 2500 mature pecan trees, a significant asset for immediate income generation. Each tree benefits from an efficient underground watering system, supported by two 10-inch water wells and a substantial sand trap tank. A large gravity-fed water tank further enhances the irrigation infrastructure. The property includes a ready-to-occupy, two-bedroom, two-bathroom house currently used by the orchard manager, complete with its own separate water well and septic system. A freestanding shop provides ample storage or workshop space. The property also features 64.58 acres of water rights, ensuring a reliable water supply for the orchard's continued productivity. A natural gas line runs through the property, offering convenient access to utility services. The 1,072 square foot house provides comfortable living quarters, while the extensive orchard and supporting infrastructure offer significant potential for growth and profitability. This turnkey operation is ideal for an investor seeking a productive and established agricultural business. The property is priced at $599,000 and offers a rare combination of established income, substantial water rights, and significant acreage in a desirable location.

Property profile

Verified
Property type Commercial real estate
Year built 2013
Total area 1,072 SF
Lot 65 ac (2,831,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6206 6 Shooter St Lovington, NM 88260
Lovington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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