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    45 Underwood Blvd Radium Springs, NM 88054

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

    Current Use by Public Records

    • Land

    Property Details for 45 Underwood Blvd

    Lot size
    1.48 lot acres
    Property type
    Land

    Description

    This exceptional 1.48-acre lot, located at 45 Underwood Boulevard in the desirable Lakeshore Highlands area of Elephant Butte, New Mexico, presents a unique opportunity for building a custom home. Situated in Sierra County, with a zip code of 88054, this property offers ample space to create your ideal living environment. The land is conveniently located at 32.4939319 latitude and -106.8997095 longitude, providing easy access to local amenities and attractions. The asking price for this remarkable parcel is $32,900. This represents a significant opportunity to acquire a substantial piece of land in a highly sought-after location. The beautiful surroundings of Lakeshore Highlands make this an idyllic setting for a new home. The expansive lot size provides ample room for landscaping, outdoor activities, and privacy. Don't miss this chance to secure your piece of New Mexico paradise and begin building your dream home in this stunning location. The property is classified as Land and is ready for immediate development. All utilities are available. This is a rare opportunity to own a significant amount of land in a desirable area at an attractive price.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Radium Springs
    County
    Sierra
    State
    New Mexico
    Longitude
    -106.9
    Latitude
    32.4939

    Comparable in this City

    • Value Estimation by Request

      Tbd Underwood Elephant Butte

      Land
      0 Tbd Underwood Elephant Butte, Radium Springs, NM 88054
      View Details
    • Value Estimation
      $515,000
      3,000 SF

      827 Ft Selden Rd

      RESTAURANT • 3,000 SF
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    • Value Estimation by Request
      600 SF

      1144 Ft Selden Rd

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      1144 Ft Selden Rd, Radium Springs, NM 88054
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    • Value Estimation
      $445,000
      1,500 SF

      12695 State Park Rd

      OFFICE BUILDING • 1,500 SF
      12695 State Park Rd, Radium Springs, NM 88054
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    • Value Estimation
      $1,200,000
      106,912 SF

      2100 County Rd D-061

      INDUSTRIAL (GENERAL) • 106,912 SF
      2100 County Rd D-061, Radium Springs, NM 88054
      View Details
    • Value Estimation
      $470,000
      3,962 SF

      13060 Hwy 185

      RESTAURANT • 3,962 SF
      13060 Hwy 185, Radium Springs, NM 88054
      View Details
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    45 Underwood Blvd
    Radium Springs, NM 88054
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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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