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Property profile & analytics
OFF-MARKET
Land

1102 Saratoga St Tucumcari, NM 88401

1.5 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 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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