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    OFF-MARKET
    Commercial real estate

    1400 Tatum Hwy, Lovington, NM 88260

    30 ac lot
    Property ID
    US61-0581605
    Property summary
    AI-generated overview

    This unique 30-acre property in Lea County, New Mexico, boasts excellent road frontage on Tatum Highway near Lovington (zip code 88260). The expansive land includes three homes: a 3,484 sq ft main house featuring 3 bedrooms, 1.5 bathrooms, a granite kitchen, a large master shower, a pellet stove in a sunroom/patio with an attached hot tub, an attached bonus room, ample storage, a sprinkler system, and an above-ground pool. A second home offers 1,600 sq ft, 3 bedrooms, 2 bathrooms, a 2-car carport, a fenced yard, and a covered patio with a sprinkler system. The third home comprises 1,446 sq ft, 3 bedrooms, 1.5 bathrooms (including a Jack-and-Jill bath), custom windows, and a sprinkler system. Beyond the residences, the property includes a party barn, several additional barns, heated and air-conditioned dog kennels with runs, and a lighted roping arena. This exceptional property presents a rare opportunity for a variety of uses. The asking price is $1,300,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 30 ac (1,306,800 SF)
    UPID US61-0581605
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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