267 Lake Rd Artesia, NM 88210
This exceptional 5-acre parcel of land presents a unique opportunity for those seeking a tranquil country lifestyle near Artesia, New Mexico. Located south of 267 N Lake Road in Eddy County, this property offers the potential to build your dream home or pursue various other ventures. The expansive 5-acre lot provides ample space for a comfortable residence, outbuildings, or recreational activities. While utilities are not currently connected, electricity and gas lines are conveniently located nearby, simplifying the process of establishing essential services. Prospective buyers should be aware that the installation of a septic system and well will be required to support any future construction. The property's address is clearly defined as being south of 267 N Lake Road, Artesia, NM 88210. Its geographical coordinates are 32.732442 latitude and -104.380544 longitude. The asking price for this remarkable property is $60,000, representing an attractive investment opportunity in a desirable location. This is a chance to create your ideal rural retreat in a peaceful setting, yet still within reach of the amenities and conveniences of Artesia. Serious inquiries are encouraged to explore the possibilities this land offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.