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Property profile & analytics
OFF-MARKET
Land

2900 Martin Luther King Junior Blvd Clovis, NM 88101

Property ID
Property summary
AI-generated overview

This exceptional 5.1+ acre commercial property in Curry County, New Mexico, is ideally situated adjacent to Clovis. Priced at $440,000, it presents a unique opportunity for cannabis cultivation and related businesses. The property boasts a state-approved setup, including a climate-controlled 50' x 40' metal insulated barn (14-foot sidewalls) currently equipped for 600 plants. All necessary growing equipment is included, encompassing grow lights, an irrigation system, a security system, and dry tents. Further enhancing its potential, a 30' x 40' insulated metal building awaits conversion into an additional grow room. A 37' x 60' shedrow provides ample equipment storage, complemented by a 20' x 25' shed for additional storage or tools. This location offers significant advantages: ample space for expansion, favorable zoning allowing for retail and consumption lounge uses, and lower gross receipt taxes compared to Clovis. The existing buildings are well-maintained and ready for immediate use or expansion. This property represents a turnkey solution for a thriving cannabis operation.

Property profile
Verified
Property type Land
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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