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    1115 Ave Carrizozo, NM 88301

    • Retail properties
    • 5,587 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1115 Ave

    Lot size
    0.27 lot acres
    Property size
    5,587 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional 0.27-acre commercial property in Carrizozo, New Mexico, presents a unique investment opportunity. Located at 1115 E Avenue, this lot encompasses 5,587 square feet and is ideally situated on a high-traffic corner of Highway 54, ensuring maximum visibility for any commercial venture. The property includes Lot 10, Block 11, part of Lot 11, Block 11, and Block 51 of the O.P. Addition. Previously housing a motel, the existing structures have undergone demolition, leaving the land cleared and ready for immediate development. The site's zoning allows for a variety of uses, including retail spaces, apartments, or other commercial establishments. With hundreds of cars passing daily, this location offers unparalleled exposure and potential for significant return on investment. The asking price is $299,000. This property is being sold as a single unit. The address is verified as 1115 E Avenue, Carrizozo, Lincoln County, New Mexico, 88301. The property's latitude and longitude coordinates are 33.6415467, -105.8776905 respectively.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carrizozo
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.878
    Latitude
    33.6415

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      5.59 Acres

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      15.97 Acres

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      MINING, MINERAL, QUARRIES • 15.97 Acres
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    • Value Estimation by Request

      Carrizozo, NM 88301

      MINING, MINERAL, QUARRIES
      Carrizozo, NM 88301
      View Details

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    1115 Ave
    Carrizozo, NM 88301
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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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