Property profile

000 Crst Portales, NM 88130

OFF-MARKET
Land
40946 ac lot
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Property summary

AI-generated overview

This exceptional 40,946-acre land parcel presents a unique investment opportunity in Roosevelt County, New Mexico. Located near Portales, this expansive property offers significant potential for various uses. The address is listed as 000 Crest Pointe, with a zip code of 88130. The property's precise location is 34.1776535 latitude and -103.3125299 longitude. Situated on the outskirts of Portales, it provides convenient access to the city's amenities while maintaining a sense of seclusion. A notable advantage is its proximity to Cannon Air Force Base (CAFB), with the back gate less than 20 minutes away. This strategic location could be highly advantageous for various commercial or residential developments, potentially catering to the base's personnel and community. The asking price for this substantial land holding is $45,000. Detailed surveys and environmental assessments would be recommended for any prospective buyer to fully understand the property's potential and limitations. This is a rare opportunity to acquire a large tract of land in a desirable location with strong potential for future growth and development. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 40946 ac (1,783,607,760 SF)

Cap rate & NOI

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

Location

000 Crst Portales, NM 88130
Portales metro
Google Maps

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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