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    315 Avenue R Lovington, NM 88260

    • Land
    • 10.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 315 Avenue R

    Lot size
    10.00 lot acres
    Property type
    Land

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.346
    Latitude
    32.9295

    Comparable in this City

    • Value Estimation by Request

      714 East St

      Land
      714 East St, Lovington, NM 88260
      View Details
    • Value Estimation by Request

      911 Main Ave

      Retail properties
      911 Main Ave, Lovington, NM 88260
      View Details
    • Value Estimation by Request

      201 Ave A St

      Distribution properties
      201 Ave A St, Lovington, NM 88260
      View Details
    • Value Estimation by Request

      1411 Main St

      Land
      1411 Main St, Lovington, NM 88260
      View Details
    • Value Estimation by Request
      30.00 Acres

      1400 Tatum Hwy

      Farms • 30.00 Acres
      1400 Tatum Hwy, Lovington, NM 88260
      View Details
    • Value Estimation by Request

      214 K Ave

      Land
      214 K Ave, Lovington, NM 88260
      View Details

    Similar Nearby for Sale

    • $160,000

      Lovington Commercial Land Opportunity

      Prime 3,750 SF Commercial Lot
      1411 Main St, Lovington, NM 88260
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      Lovington Land: Two Lots Available

      Prime Lea County land, 3,700 sq ft.
      5 Six Shooter Rd, Lovington, NM 88260
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      Lovington Land: Prime Development Lot

      Build Your Dream in Lea County, NM
      20 Carter St, Lovington, NM 88260
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      Lovington Land: Two Prime Lots

      7,000 sq ft buildable land in Lovington, NM
      6 Main St, Lovington, NM 88260
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      Lovington Land: Two Lots Available

      Prime 7,000 sq ft lot in Lea County
      14 Maine St, Lovington, NM 88260
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      Lovington Land: Prime Development Site

      3,312.5 sq ft lot, excellent location.
      1 Ave G Ave, Lovington, NM 88260
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    Similar Nearby for Lease

    • $11 SF/Yr
      1,100 SF

      Retail Space in Lovington, NM

      Retail space available for lease in Lovington, New Mexico.
      402 S 9Th St, Lovington, NM 88260
      View Details
    • $11 SF/Yr
      28,353 SF

      Lovington Retail Center - 5 Suites Available

      Prime Lea County retail space, multiple suites available.
      900 Avenue D, Lovington, NM 88260
      View Details
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    315 Avenue R
    Lovington, NM 88260
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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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