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    OFF-MARKET
    Commercial real estate

    29 Wheeler Ln, Lovington, NM 88260

    80 ac lot
    Property ID
    US61-0751143
    Property summary
    AI-generated overview

    This exceptional 80-acre farm presents a unique investment opportunity in Lea County, New Mexico. Located at 29 Wheeler Lane W Wheeler Lane, Lovington, NM 88260 (32.9753361, -103.4511768), this expansive property offers significant potential for agricultural pursuits or future development. The land is classified as a farm and boasts a generous 80-acre lot size. The asking price for this substantial parcel is $750,000. Given its location in Lovington, the property benefits from proximity to local amenities and infrastructure. The property's size and location make it suitable for a variety of agricultural uses, from livestock grazing to crop cultivation, depending on the buyer's specific needs and plans. Detailed soil analysis and water resource assessments would be recommended to fully understand the agricultural potential of this land. Prospective buyers are encouraged to conduct their own due diligence to determine the suitability of the property for their intended use. This is a rare opportunity to acquire a significant landholding in a desirable location within New Mexico. The property's size and potential make it an attractive investment for both experienced farmers and those seeking a land-based venture.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 80 ac (3,484,800 SF)
    UPID US61-0751143
    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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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