Property profile

3923 Gill Tract B Rd Lovington, NM 88260

OFF-MARKET
Land
9.82 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 9.82 ac (427,585 SF)

Cap rate & NOI

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

Location

3923 Gill Tract B Rd Lovington, NM 88260
Lovington metro
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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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