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    Hobbs, NM
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    Hobbs, NM Farms for Sale

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

    6804 N Grimes St, Hobbs, NM 88240

    $1,850,000
    ±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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    CRP-Enrolled Farm Land
    CRP-Enrolled Farm Land

    121290 Cr 121 / 290 County Road 121, Brownfield, TX 79316

    $700,000

    Farm land with highway frontage and CRP enrollment extending through 2030.

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    Dryland Farm and Grassland
    Dryland Farm and Grassland

    2795 S Roosevelt Road K, Causey, NM 88113

    $815,000

    Agricultural land combining cultivated dryland acres, grazing grass, and an existing wheat crop.

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    Irrigated Farm with Well System
    Irrigated Farm with Well System

    SE TBD County Rd 555, Brownfield, TX 79316

    $1,946,750
    599.00 AC lot

    Flat agricultural acreage with center-pivot irrigation, productive sandy loam soil, and access from two county roads.

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    Farm and Ranch Property
    Farm and Ranch Property

    650 S Roosevelt Rd 24, Causey, NM 88113

    Contact for pricing

    Mixed agricultural and grazing holdings include water infrastructure, farm improvements, a shop, ranch house, and livestock pens.

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    Off-Market Properties in Hobbs, NM

    Consider similar Off-Market properties in Hobbs, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    World Dr
    Farms

    0 World Dr, Hobbs, NM 88242

    Value Estimation by Request
    157.56 AC lot
    View details

    Hobbs, NM Farms Market Trends and Statistics

    Explore 2 farms for sale in Hobbs, NM on our real estate platform.

    Sale prices for plantations in Hobbs, NM average $1,850,000 — 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 $1.9M

    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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