Agricultural

Hobbs, NM Agricultural Land / Farmland for Sale

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Seminole, TX Lovington, NM Monument, NM Oil Center, NM Eunice, NM Denver City, TX
Irrigated Ranch Land with Wells
Updated: May 8
Irrigated Ranch Land with Wells

6804 N Grimes Street, Hobbs, NM 88240

$1,950,000
±130‑acre ranch tract near Hobbs with flexibility for farm, ranch, or development use
Around 94 acres of adjudicated water rights
Three high‑capacity irrigation wells (~200' deep; water at ~120' pumping ~700 gpm each)
Updated 3 bed/2 bath manufactured home (about 1,950 SF) with metal roof and propane heat
Improvements include updated flooring, kitchen, bathrooms, and windows
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Unrestricted Flat Land with Highway Frontage
Unrestricted Flat Land with Highway Frontage

Denver City, TX 79323

$400,000
160.00 AC lot

Unrestricted West Texas acreage with flat, usable terrain and highway frontage for agricultural, investment, or future development plans.

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40-Acre Ranch with Unique Features
40-Acre Ranch with Unique Features

TRACT 5 County Rd 308, Seminole, TX 79360

$329,360
40.00 AC lot

Ranchette featuring elevation changes and a natural draw.

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Certified Organic Farmland with Irrigation
Certified Organic Farmland with Irrigation

NW, Denver City, TX 79323

$960,000
320.00 AC lot

320-acre certified organic farmland with irrigation systems for sale.

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Unrestricted Land in Quiet Community
Unrestricted Land in Quiet Community

CR 220-I, Seminole, TX 79360

$95,000
3.35 AC lot

3.35-acre property with wells and septic system in Seminole, TX.

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Hobbs, NM Agricultural Land / Farmland Market Trends and Statistics

Explore 1 agricultural land / farmland for sale in Hobbs, NM on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,950,000.

Sale prices for farmlands in Hobbs, NM start at $1,950,000, averaging $1,950,000, and reaching up to $1,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 50K
Population Growth (5Y) +4.5%
Median Household Income $69,020
College Educated 12.0%

High-Yield Neighborhoods for Investment

Identify Hobbs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
88240 $3.1M

Taxes & Financing

Tax Rate (average for all types) 2.68%
Property Tax per SF $10.31 per SF
Tax Rate vs County Average 0.11 pp below county avg
Average Loan-to-Value 65.0%

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