Property profile

0 Dakota Rd Lovington, NM 88260

OFF-MARKET
Land
32.53 ac lot
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Property summary

AI-generated overview

This exceptional 32.53-acre property in Lea County, New Mexico, presents a rare opportunity for those seeking land with established water rights. Located near Lovington, NM, on TBD E Dakota Road (zip code 88260), this vacant land offers a tranquil setting near an orchard, ideal for a new home construction project. The property's significant feature is the inclusion of water rights, a highly desirable asset in this region. The land is classified as a farm and ranch, providing versatility for various uses. The location offers a peaceful atmosphere while remaining conveniently situated near the city of Lovington. With its ample acreage and the crucial water rights, this property is a compelling investment for those seeking a rural lifestyle or a development opportunity. The coordinates are 32.995696 latitude and -103.2914205 longitude. The asking price for this unique property is $325,300. Don't miss this chance to own a piece of New Mexico's countryside with the added benefit of secured water resources. Serious inquiries only.

Property profile

Verified
Property type Land
Lot 32.53 ac (1,417,007 SF)

Cap rate & NOI

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

Location

Dakota Rd Lovington, NM 88260
Lovington 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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