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Property profile & analytics
OFF-MARKET
Commercial real estate

504 New York Dr Portales, NM 88130

1.02 ac lot
Property ID
US61-0978064
Property summary
AI-generated overview

This exceptional 1.015-acre lot presents a fantastic opportunity for building your dream home in the desirable Portales, New Mexico area. Located on a paved road at 504 New York Dr, this property offers convenient access and a peaceful setting. The lot is conveniently situated in Roosevelt County, New Mexico, with the zip code 88130. Its precise coordinates are latitude 34.18478 and longitude -103.401749. The asking price for this remarkable piece of land is $15,000. This represents an excellent value for a buildable lot of this size in a growing community. The property is classified as land and is perfectly suited for the construction of a manufactured home, providing an affordable and efficient pathway to homeownership. The flat, buildable terrain simplifies the construction process, minimizing potential site preparation costs. Don't miss this chance to secure your piece of New Mexico and begin building your future. The property is ready for immediate development, offering a quick path to realizing your building aspirations. This is an ideal location for those seeking a tranquil yet accessible setting. Act quickly, as opportunities like this are rare.

Property profile
Verified
Property type Commercial real estate
Lot 1.02 ac (44,213 SF)
UPID US61-0978064
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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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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