Property profile

1300 3 St Tatum, NM 88267

OFF-MARKET
Land
2.37 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.37 ac (103,237 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1300 3 St Tatum, NM 88267
Tatum metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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