0 Of 1502 Carlsbad, NM 88220
This exceptional 10,018.8 square foot residential lot presents a fantastic opportunity in Carlsbad, New Mexico. Located west of 1502 W Bonbright, in Eddy County, zip code 88220 (latitude 32.4268065, longitude -104.2452653), this property is zoned R-1, making it ideal for building a new home. The asking price is $40,000. The lot offers the potential to construct a single-family residence, and importantly, double-wide homes are permitted. While city water and electricity are conveniently located nearby, potential buyers are strongly advised to independently verify the availability and specifics of all utilities. Please note that property lines depicted in any accompanying photographs are approximate and should not be considered definitive. This is a prime opportunity to acquire a sizable lot in a desirable location, perfect for creating a custom-built home. Seize this chance to build your dream home in Carlsbad.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.