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    Property profile & analytics

    8103 Main St Lake Arthur, NM 88235

    • Warehouses
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 8103 Main St

    Year built
    1980
    Property type
    Warehouses
    Property subtype
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Arthur
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.367
    Latitude
    32.9982
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    8103 Main St
    Lake Arthur, NM 88235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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