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Property profile & analytics
OFF-MARKET
Land

18-22 Shea Ave Las Vegas, NM 87701

Property ID
Property summary
AI-generated overview

This exceptional land offering presents a unique investment opportunity in Las Vegas, New Mexico. Comprising five contiguous lots (Lots 18-22) on Shea Avenue, this 21,780 square foot parcel is ideally situated for various development projects. The property boasts a relatively flat terrain, punctuated by some native pinon and juniper trees, offering a blend of natural beauty and development potential. Its proximity to Storrie Lake and Storrie Lake State Park (just 1.6 miles away) provides significant recreational appeal and enhances its overall desirability. The lots are situated within San Miguel County, New Mexico, and share a zip code of 87701. The precise location is 35.6756921 latitude and -105.2305317 longitude. Note that two of the lots are separated by a single lot owned by a different party. This prime location, combined with the substantial lot size, makes this an attractive proposition for investors seeking a foothold in a desirable New Mexico location. The asking price for this exceptional property is $20,000.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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