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    OFF-MARKET
    Land

    7776 Nm 206 Rd, Portales, NM 88130

    3.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 3.5 ac (152,460 SF)
    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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    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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