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Property profile & analytics
OFF-MARKET
Land

42 Colbert Ave Artesia, NM 88210

10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre commercial land parcel presents a unique investment opportunity in Artesia, New Mexico. Located just west of 42 Colbert, this property offers a blend of rural tranquility and convenient proximity to town. The lot provides ample space for a variety of commercial ventures, allowing for significant development potential. While enjoying a degree of seclusion, the property benefits from the presence of nearby neighbors, ensuring a sense of community without compromising privacy. The generous lot size ensures comfortable spacing between neighboring properties. Access to the property is facilitated by a recorded easement across an adjacent 10-acre parcel. This land, once part of a larger family holding, is now available for individual ownership. The asking price is $40,000. The property's location is in Eddy County, New Mexico, with a zip code of 88210, and its coordinates are 32.836564 latitude and -104.562593 longitude. This is an ideal opportunity to establish a commercial presence in a desirable area, offering both space and accessibility. Don't miss this chance to own your own piece of New Mexico.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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