801 Miehls Dr Carlsbad, NM 88220
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.
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.