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Property profile & analytics
OFF-MARKET
Commercial real estate

2312 14Th Ln Portales, NM 88130

2 ac lot
Property ID
US61-1308066
Property summary
AI-generated overview

This exceptional 2-acre parcel in Portales, New Mexico, presents a unique opportunity for building your dream home. Located in a highly desirable Roosevelt County area, this property boasts convenient access to essential amenities. The land is situated near established neighborhoods like Alta Terra, Westerns Skies, and Broadmoor Acres, offering a sense of community and established infrastructure. The property includes two easements and is fully fenced, providing privacy and security. A paved road leads directly to the acreage, ensuring easy accessibility. Utilities are readily available, with an existing electric pole, natural gas line, and a cooperative water connection already in place. A new septic system is also installed, simplifying the construction process. The property's proximity to Eastern New Mexico University (ENMU) and its facilities is a significant advantage, offering easy access to education, events, and resources. Furthermore, downtown Portales, with its shopping, schools, restaurants, and recreational opportunities, is just over a mile away. This property is being sold as a combined parcel, encompassing both 2312 and 2314 W 14th Lane. Don't miss this chance to build in a prime location

Property profile
Verified
Property type Commercial real estate
Lot 2 ac (87,120 SF)
UPID US61-1308066
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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