Property profile

29 Wheeler Ln Lovington, NM 88260

OFF-MARKET
Land
Property ID
US61-0751143
80 ac lot
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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 Land
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

Location

29 Wheeler Ln Lovington, NM 88260
Lovington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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