1402 10Th St Las Vegas, NM 87701
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.
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Tennis Courts Sports Field & Court Sports School
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
Similar Nearby for Sale
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.