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Property profile & analytics
OFF-MARKET
Warehouses

8103 Main St Lake Arthur, NM 88235

Built 1980
Property ID
Property summary
AI-generated overview

This exceptional 88235 NM property, located at 8103 SE Main Street in Lake Arthur, presents a unique investment opportunity. Priced at $412,440, this land parcel offers significant potential for various commercial, industrial, or residential uses. Built in 1980, the property boasts prime highway frontage, approximately nine miles north of Artesia, New Mexico, capitalizing on the growth trajectory of oilfield service developments in the area. Its strategic location near the Chaves County line and the northern edge of Artesia's irrigated farmlands provides excellent accessibility and visibility. The entire tract has been cleared by the owner, eliminating the need for extensive site preparation, and making it immediately ready for development. This versatile property is ideal for entrepreneurs and investors seeking a well-positioned land asset in a thriving region. The property is classified as Land, Industrial, and encompasses Commercial, Warehouse, and Manufacturing subtypes. Its proximity to Artesia and its strategic location within Chaves County make it an attractive option for a wide range of development projects. The cleared land is a significant advantage, minimizing upfront costs and accelerating the development timeline. This is a rare opportunity to acquire a ready-to-develop property in a dynamic and growing market.

Property profile
Verified
Property type Warehouses
Year built 1980
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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