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Property profile & analytics
OFF-MARKET
Commercial real estate

1402 10Th St Las Vegas, NM 87701

Property ID
US61-1122440
Property summary
AI-generated overview

This exceptional 3,528.36 square foot lot in Las Vegas, New Mexico, presents a unique opportunity for building your dream home. Located at 1402 Tenth Street, this property boasts a desirable location just a block from New Mexico Highlands University, offering convenience and proximity to educational resources. The lot features mature trees along its northern border, providing natural beauty and potential shade. While currently vacant, the property previously housed a residence, indicating established utility access. City utilities and electricity are readily available in the street. Although a smaller structure could be built on the existing footprint, obtaining a variance for setbacks to accommodate a larger structure is reportedly a straightforward process with the Las Vegas zoning department. Manufactured homes are permitted. Architectural plans for a two-story house, which could be built on this property subject to city zoning and fire marshal approval, are included with the purchase. The lot is situated next to an empty corner lot, across the street from the New Mexico Highlands ball fields, offering a peaceful and family-friendly neighborhood setting. This property is priced affordably at $27,000 and presents a compelling investment opportunity. Don't miss this chance to build your future in a convenient and attractive location.

Property profile
Verified
Property type Commercial real estate
UPID US61-1122440
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
Current use
Occupant on record · Public records
  • Tennis Courts Sports Field & Court Sports School
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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