R17 Cactus Ln Artesia, NM 88210
This exceptional 19.18-acre parcel of land is situated in Artesia, New Mexico, within Eddy County, and boasts a highly desirable location. The property, identified as R17 Cactus Lane, zip code 88210, offers convenient access to Highway 285, enhancing its appeal for various development projects. The land is uniquely configured with four separate access points, one at each corner, providing flexibility and potential for subdivision. Existing infrastructure includes a well, septic system, and an electric meter, significantly reducing initial development costs. The seller is open to considering the sale of smaller, subdivided parcels, presenting an attractive opportunity for investors seeking smaller land holdings. The property's coordinates are 32.787996 latitude and -104.3998254 longitude. This versatile land presents a rare opportunity for a variety of uses, from residential development to commercial ventures, given its size, location, and existing utilities. The asking price for this expansive property is $201,000. Don't miss this chance to acquire a significant piece of land in a rapidly growing area.
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
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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.