Property profile

1902 Colonial Dr Lovington, NM 88260

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 7,020 square foot lot, located at 1902 W Colonial Drive in Lovington, New Mexico, presents a fantastic opportunity for building your dream home. Situated within an established subdivision, this property offers convenience and peace of mind. The lot measures approximately 52 feet by 135 feet, providing ample space for a mobile home or a custom-built residence. The significant advantage of near-site utilities simplifies the construction process and reduces upfront costs. The property is located in Lea County, New Mexico, with the zip code 88260. Its coordinates are 32.953733 latitude and -103.370447 longitude. Priced competitively at $55,000, this land parcel represents an excellent investment in a desirable location. Don't miss this chance to acquire a build-ready lot in a well-established community. Act quickly, as properties like this are in high demand. This is a prime opportunity to own a piece of Lovington and build your future. The property is classified as land and is ready for immediate development.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

1902 Colonial Dr Lovington, NM 88260
Lovington metro
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Value estimations

Realmo proprietary · 4 methods
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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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