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Property profile & analytics
OFF-MARKET
Land

0 Hamilton Rd Alamogordo, NM 88310

32 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 32-acre property in Alamogordo, New Mexico, presents a unique investment opportunity. Located on Hamilton Road, zip code 88310, this expansive lot is zoned R1, though possibilities for commercial or higher-density development may exist, pending verification with the city's planning and zoning department. The property's size is a rare find within the city limits, making it ideal for various projects. While currently zoned R1, exploring alternative zoning designations is encouraged. Utilities appear to be accessible, with sewer and water potentially available at the northern end and electricity running along the property's longer sides. The seller is open to creative financing options, including joint ventures, owner financing, and potential replatting. This presents a chance to acquire the entire parcel or a portion thereof, catering to diverse investment strategies. Given its size and location, this land offers significant potential for both immediate development and long-term appreciation. Low property taxes further enhance its investment appeal. Buyer due diligence is strongly recommended to verify zoning and utility access.

Property profile
Verified
Property type Land
Lot 32 ac (1,393,920 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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