7776 Nm 206 Rd, Portales, NM 88130
This exceptional 3.5-acre parcel of land presents a unique investment opportunity in Portales, New Mexico. Located conveniently near the city limits, this property offers significant potential for various development projects. Its strategic location adjacent to the Farmers Country Market provides excellent visibility and accessibility. The property's proximity to the Board of Education and Portales Retirement Housing further enhances its appeal. A key advantage is the possibility of annexation into the city, granting access to city water and sewer services, a significant benefit for future development plans. The asking price is $99,000, making this a highly attractive proposition for investors seeking land with substantial upside potential in a desirable location. The address is 7776 Nm 206 Road, Portales, NM 88130, in Roosevelt County. The property's size and location offer numerous possibilities, making it an ideal choice for those seeking a versatile land investment in a growing community. The latitude and longitude coordinates are 34.1027664 and -103.3372345 respectively.
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.