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Property profile & analytics
OFF-MARKET
Land

801 Miehls Dr Carlsbad, NM 88220

78.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 78.5-acre parcel presents a significant development opportunity in Carlsbad, New Mexico, located in Eddy County. The property boasts convenient access, with frontage on both Happy Valley Road and Church Street. City water is readily available, situated to the north on Church Street. The land's strategic location offers proximity to the city's Railroad Zone, opening up possibilities for diverse development projects. The expansive acreage allows for a range of uses, including residential-rural, residential, or commercial development. This presents a unique chance to capitalize on the growing Carlsbad market and create a substantial return on investment. The zoning and potential uses should be verified independently with the appropriate Eddy County authorities. The asking price for this substantial land holding is $863,500. Detailed surveys and environmental reports are recommended for any prospective buyer to fully assess the property's suitability for their intended development plans. This is a rare opportunity to acquire a large tract of land in a desirable location with excellent access and utilities. Don't miss this chance to secure a prime piece of Carlsbad real estate. The zip code for this property is 88220.

Property profile
Verified
Property type Land
Lot 78.5 ac (3,419,460 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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