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Property profile

16 Lots 34-38 Deming, NM 88029

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional land offering presents a unique investment opportunity in Deming, New Mexico. Comprising five contiguous lots, identified as College Heights Book 16, Lots 34 through 38, this property encompasses a total of 15,000 square feet. Each lot measures approximately 125 feet by 120 feet, providing ample space for various development projects. The property's location within the College Heights subdivision offers potential for residential or commercial development, subject to local zoning regulations. The asking price for this combined parcel is $14,000. Please note that the listed tax assessment may be slightly higher than the actual tax burden for this specific five-lot parcel due to the inclusion of additional lots on the current tax bill. This presents a chance to acquire a significant land holding in a growing area at an attractive price point. Prospective buyers are encouraged to conduct their own due diligence regarding zoning, utilities, and development possibilities. The property is situated in Luna County, New Mexico, with a zip code of 88029, and is conveniently located in the city of Columbus. Precise coordinates are available upon request. This is a prime opportunity for investors seeking land in a desirable New Mexico location.

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

16 Lots 34-38 Deming, NM 88029
Deming metro
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Value estimations

Realmo proprietary · 4 methods
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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
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