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    502 Oakwood Pl Pl Carlsbad, NM 88220

    • Land
    For Sale
    View listing
    $75,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 502 Oakwood Pl Pl

    Property type
    Land

    Description

    This exceptional 19,881.12 square foot lot, located at 502 Oakwood Place in the desirable Ridgecrest Subdivision of Carlsbad, New Mexico, presents a unique opportunity to build your dream home. Situated in Eddy County, zip code 88220, this property boasts a prime location offering breathtaking sunrises and sunsets. The planned development is surrounded by natural beauty, creating a serene and idyllic setting. Underground utilities are conveniently located near the site, simplifying the construction process. This custom home site is particularly appealing to golf enthusiasts, given its proximity to golfing opportunities (though specific details about nearby golf courses are not provided). The asking price for this remarkable piece of land is $75,000. The property's coordinates are 32.426272 latitude and -104.2036789 longitude. Don't miss this chance to own a piece of Carlsbad's captivating landscape and create your perfect home. This is a truly exceptional opportunity to build in a beautiful and convenient location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.204
    Latitude
    32.4263

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    502 Oakwood Pl Pl
    Carlsbad, NM 88220
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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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