1616 Pacific St Las Vegas, NM 87701
This exceptional 12,850.2 square foot lot presents a unique opportunity in Las Vegas, New Mexico. Located at 1616 South Pacific Street, this property boasts a desirable location just one block from the Old Town Plaza, offering easy access to the area's vibrant cultural scene and amenities. The lot is conveniently situated in San Miguel County, with the zip code 87701. City water and sewer services are readily available at the street, and electrical power is conveniently close by. Adding to its appeal, the property is fully fenced, providing privacy and security. This 1/3 acre parcel is ideal for constructing a new home, offering a blank canvas to create your perfect living space. The property's dimensions and location make it an attractive investment for those seeking to build in a historic and charming New Mexico setting. With its convenient utilities and prime location, this lot is ready for immediate development. Don't miss this chance to own a piece of Las Vegas, New Mexico.
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
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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.