29 Wheeler Ln, Lovington, NM 88260
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.
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
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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.