3923 Gill Tract B Rd, Lovington, NM 88260
This exceptional 9.816-acre parcel of land presents a unique opportunity for those seeking a tranquil rural setting in Lea County, New Mexico. Located at 3923 S Gill Tract B Road, Lovington, NM 88260 (32.9753361, -103.4511768), this property offers significant potential for various uses. The expansive lot provides ample space for building a custom home, placing a manufactured home, or establishing a small ranch. The absence of known restrictions allows for considerable flexibility in development plans. A significant advantage of this property is the inclusion of 10 acres of water rights, a valuable asset in this region, ensuring a reliable water supply for any future projects. The asking price for this remarkable property is $110,000. This represents a compelling investment opportunity given the land's size, the inclusion of water rights, and the lack of restrictive covenants. Buyers are encouraged to conduct their own due diligence to verify all aspects of the property and its suitability for their intended use. The property is conveniently located in Lovington, providing access to local amenities while still offering the peace and quiet of rural New Mexico. Don't miss this chance to own a piece of Lea County.
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
Similar Nearby for Sale
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.