370 Ottawa Rd Hagerman, NM 88232
This exceptional 5.61-acre lot presents a unique opportunity to build your dream home in the peaceful Hagerman, New Mexico area. Located at 370 E Ottawa Road, Chaves County, NM 88232 (33.095078, -104.374252), this expansive property offers the perfect blend of tranquility and convenience. The land is ready for immediate development, boasting a recently installed well and readily available electricity, eliminating significant upfront infrastructure costs. Escape the hustle and bustle of city life while still enjoying easy access to local amenities. This property is ideal for those seeking a spacious, private setting to construct their custom home. The 5.61 acres provide ample space for a large home, landscaping, and potential outbuildings. The asking price for this remarkable property is $79,900. Don't miss this chance to own a piece of New Mexico and begin building your future. This is a rare opportunity to acquire a move-in ready lot with essential utilities already in place. Contact us today to learn more and schedule a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.