308 Cactus St Carlsbad, NM 88220
This exceptional commercial land parcel, located at 308 Cactus Street in Carlsbad, New Mexico, presents a unique investment opportunity. Spanning 10,887.5 square feet – approximately a quarter of an acre – this property offers significant potential for various commercial ventures. Situated in Eddy County, with a zip code of 88220, the lot enjoys convenient access to key transportation routes and local amenities. The property's flat topography simplifies development, minimizing site preparation costs. The asking price is $55,000, making it an attractive proposition for developers, investors, or businesses seeking a strategic location to establish their presence. Its commercial zoning allows for a wide range of potential uses, subject to local regulations and approvals. Detailed site plans and zoning information are readily available upon request. This is an excellent chance to acquire a well-positioned commercial lot in a growing New Mexico community. The property's coordinates are 32.386508 latitude and -104.2167352 longitude. Don't miss this opportunity to secure this valuable piece of Carlsbad real estate.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.