1102 Saratoga St Tucumcari, NM 88401
This exceptional 1.5-acre land parcel, located at 1102 S Saratoga Street in Tucumcari, New Mexico, presents a unique investment opportunity. Priced affordably at $20,000, this property comprises four residential lots, totaling approximately 1.5 acres, with minor deductions on lots 3 and 4 due to the Tucumcari south drain. The lots measure approximately 121.0 feet by 136.5 feet. It's important to note that portions of lots 1 and 4 have been incorporated into the expanded right-of-way for Mountain Road (US 54). A professional survey is recommended to precisely determine the final acreage and the exact location of the drain and right-of-way. This property is situated in Quay County, New Mexico, and has the zip code 88401. The geographic coordinates are latitude 35.168687 and longitude -103.703222. This land offers significant potential for various development projects, making it an attractive proposition for investors seeking a foothold in the Tucumcari real estate market. Buyers are advised to conduct their own due diligence and obtain necessary permits before undertaking any development plans. The sale includes all four lots as a single unit.
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.