504 New York Dr Portales, NM 88130
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.
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.