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    1300 3 St Tatum, NM 88267

    • Land
    • 2.37 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1300 3 St

    Lot size
    2.37 lot acres
    Property type
    Land

    Description

    This exceptional 2.37-acre property presents a unique investment opportunity in Tatum, New Mexico. Conveniently located on the 1300 Block of E Third Street, this land is already subdivided into five lots of varying sizes, offering flexibility for immediate development or future expansion. The property boasts a readily available water well, eliminating the need for immediate connection to municipal water services. City utilities are conveniently located nearby, ensuring easy access to essential services for any construction project. This prime location within the city limits of Tatum provides a strategic advantage for residential or commercial development, capitalizing on the growing potential of the area. The existing subdivision simplifies the permitting and development process, saving time and resources. With its convenient location, existing water well, and proximity to city utilities, this 2.37-acre parcel is an ideal canvas for your next project. The asking price of $69,900 represents a compelling value for this ready-to-develop land in Lea County, New Mexico. The property's address is 1300 Block E Third Street, Tatum, NM 88267. Don't miss this chance to acquire a versatile and well-situated property in a thriving New Mexico community.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tatum
    County
    Lea
    State
    New Mexico
    Longitude
    -103.305
    Latitude
    33.2538

    Comparable in this City

    • Value Estimation by Request

      Fox

      Land
      0 Fox, Tatum, NM 88267
      View Details
    • Value Estimation by Request

      Tbd Bridges Ave

      Land
      0 Tbd Bridges Ave, Lovington, NM 88267
      View Details
    • Value Estimation by Request

      105 Bridges Ave

      Land
      105 Bridges Ave, Tatum, NM 88267
      View Details
    • Value Estimation by Request

      Tatum Add Block

      Land
      0 Tatum Add Block, Tatum, NM 88267
      View Details
    • Value Estimation by Request
      203.77 Acres

      Tbd Black Rd

      Land • 203.77 Acres
      0 Tbd Black Rd, Tatum, NM 88267
      View Details
    • Value Estimation by Request

      Tatum Ad Block 26

      Land
      0 Tatum Ad Block 26, Tatum, NM 88267
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lea County Land: Tatum, NM

      7,000 sq ft lot; excellent development potential.
      0 Tbd Bridges Ave, Lovington, NM 88267
      View Details
    • Contact for pricing

      Tatum, NM Land: Prime Building Site

      Affordable Land, 21,000 sq ft, New Mexico
      0 Fox Ave, Tatum, NM 88267
      View Details
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    1300 3 St
    Tatum, NM 88267
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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