2312 14Th Ln Portales, NM 88130
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
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.