0 Nm-18 Eunice, NM 88231
This exceptional 8.9-acre industrial property, located near Eunice, New Mexico, presents a unique investment opportunity. Boasting 387,684 square feet of space, this distribution/flex facility is priced at $2.26 per square foot, totaling $875,000. The property features approximately 1,360 feet (a quarter-mile) of rail spur on the Texas New Mexico Railroad, ideal for efficient transportation of goods. Adding to its appeal, the site includes a secure perimeter fence and a well-maintained stabilized caliche road, ensuring easy access. Situated approximately 2.5 miles south of Eunice, NM, with convenient access from Highway 18, this location offers strategic proximity to major transportation routes. Its advantageous position places it close to Highway 176 and within a reasonable distance of key regional hubs: Hobbs, NM (19 miles), Carlsbad, NM (68 miles), and Midland, TX (82 miles). The property's versatility makes it suitable for various industrial and commercial uses, including pipe unloading and sand transloading. The Lea County location, with APN 4220129138720 and zip code 88231, provides a solid foundation for business growth and expansion. This is a rare opportunity to acquire a well-positioned, rail-served industrial property in a thriving region.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.