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Property profile & analytics
OFF-MARKET
Land

3301-3608 Richardson Ave Artesia, NM 88210

8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8-acre property in Artesia, New Mexico, presents a unique investment opportunity. Located at 3301-3608 W Richardson Avenue, Eddy County, zip code 88210 (latitude 32.8396199, longitude -104.438778), this land is already subdivided into 26 individual lots, significantly streamlining the development process. The property boasts readily available city utilities, including water, sewer, and power conveniently located in the north and south alleys. Adding to its appeal, natural gas service is readily accessible nearby on the south side. This pre-planned layout minimizes upfront infrastructure costs and accelerates the potential for immediate development and return on investment. The asking price for this strategically positioned and well-serviced land is $200,000. This presents a compelling opportunity for developers seeking a quick start on a profitable project in a desirable New Mexico location. The property's existing infrastructure and subdivision make it ideal for residential or commercial development. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Land
Lot 8 ac (348,480 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
by Request
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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