Property profile

506 New York Dr Portales, NM 88130

OFF-MARKET
Land
Property ID
US61-0978065
1.02 ac lot
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Property summary

AI-generated overview

This exceptional 1.015-acre lot presents a fantastic opportunity for building your dream home in Portales, New Mexico. Located at 506 New York Drive, this property boasts convenient access via a paved road, eliminating the challenges often associated with undeveloped land. The expansive lot offers ample space for a custom home, providing plenty of room for landscaping, outdoor activities, and potential expansion. The zoning regulations permit the placement of manufactured homes, opening up a wider range of building options and potentially reducing construction costs. Situated in Roosevelt County, the property benefits from the amenities and services of the nearby city of Portales, while still offering a sense of peace and quiet. The address is 506 New York Dr, Portales, NM 88130. This is a rare opportunity to acquire a buildable lot in a desirable location at an attractive asking price of $15,000. The property's convenient location and buildable nature make it an ideal investment for those seeking to establish a permanent residence or build a rental property. Don't miss out on this chance to own a piece of New Mexico land. The latitude and longitude coordinates are 34.184423, -103.40175 respectively.

Property profile

Verified
Property type Land
Lot 1.02 ac (44,213 SF)
UPID US61-0978065

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

506 New York Dr Portales, NM 88130
Portales 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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