Property profile

7 Commercial St Lovington, NM 88260

OFF-MARKET
Land
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,450 square foot commercial lot presents a unique investment opportunity in Lovington, New Mexico. Located at TBD Lot 7 Commercial Street, zip code 88260, this property boasts a convenient 25 x 175 foot dimension, offering excellent potential for various commercial developments. Its prime location offers easy access to key community amenities. The lot is situated in close proximity to the Lea County Fair Grounds and Chaparral Park, providing high visibility and convenient access for potential businesses. The asking price for this land is $10,000, making it an attractive proposition for investors seeking a strategic foothold in a growing area. The property is classified as vacant land, providing a blank canvas for future development plans. Given its size and location, this lot is ideal for a range of commercial ventures, from retail spaces to light industrial uses. The property's address is TBD Lot 7 Commercial Street, Lovington, NM 88260, within Lea County. Its geographical coordinates are latitude 32.9475223 and longitude -103.3413874. This presents a rare chance to acquire a well-positioned commercial lot in a desirable location at a competitive price. Serious inquiries are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

7 Commercial St Lovington, NM 88260
Lovington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7 Commercial St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message