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    5114 W Longtail Rd Hobbs, NM 88240

    Pending
    For Sale
    $59,000

    Unimproved Land - Hobbs, NM

    Type:Unimproved Land
    Lot size:
    0.18 Acres
    Days on Market:
    253
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 5114 W Longtail Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Pending
    APN
    4950202122330
    Lot size
    0.18 Acres

    Building Details

    Architectural style
    Other

    Robinson & Associates Real Estate (575) 392-0266 [email protected]

    Listing agent Angie Quintela (575) 392-0266

    Listing date Apr 7, 2025

    MLS# 20242636 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Ready for Builders

    This unimproved land is available for sale in Hobbs, New Mexico. The lots are intended for builders and investors. The land is to be sold in increments of five or more lots. Mobile homes are not permitted. The lot size is approximately 0.1837 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.201722
    Latitude
    32.750725

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    FAQs

    What type of property is this?
    Land - Unimproved land available for builders and investors in Hobbs, NM.
    Where is this land located?
    The property is located at 5114 W Longtail Rd Hobbs, NM.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: - Lots available for builders and investors.; - Lots sold in increments of 5 or more.; - Suitable for development projects.
    (575) 392-0266
    Request Owner's contact information
    5114 W Longtail Rd Hobbs, NM 88240
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    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5114 W Longtail Rd Hobbs, NM 88240
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