E Morgan Road

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E Morgan Road

Hagerman, NM 88232
Asking Price
$60K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land spanning 40 acres in Hagerman, New Mexico.
  • The property is offered for sale at a price of $60,000.
  • Situated on E Morgan Road with convenient regional accessibility.
  • The site is zoned to support various commercial land uses.
  • Located within the stable and growing Chaves County submarket.

What's Special

This 40-acre commercial land parcel sits along E Morgan Road in Hagerman, New Mexico. The expansive site provides a flexible canvas for potential commercial development, allowing investors to capitalize on a quiet regional market known for its agricultural roots and rural landscape. Situated in Chaves County, the property benefits from a strategic position for those looking to expand industrial or agricultural operations in the area. Access to local roadways ensures connectivity to surrounding communities while maintaining the privacy inherent to the region. The open acreage supports a variety of commercial use cases, ranging from storage solutions and logistics staging to specialized land-based business ventures. Buyers seeking a long-term hold in a stable, evolving market will find this site well-suited for site-specific projects that require significant footprint and minimal restrictive overhead. Its scale and configuration make it a practical acquisition for developers focused on the unique land use demands of the Hagerman submarket.

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NOI
$80,000
Cap Rate
133.33%
DSCR
22.46
Strong
Cash-on-Cash
424.65%
Monthly Payment
$296.847
Annual Cash Flow
$76,437.833

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