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    516 E Pinson Rd Hobbs, NM 88242

    For Sale
    $225,000

    Unimproved Land - Hobbs, NM

    Type:Unimproved Land
    Lot size:
    18.88 Acres
    Days on Market:
    151
    Last Refresh:
    Dec 14 at 4:06 am

    Property Features for 516 E Pinson Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    4000347660001
    Exterior features
    Irregular Lot
    Lot size
    18.88 Acres

    Building Details

    Architectural style
    Other

    Burkett-Shaw Realty (575) 399-0272 [email protected]

    Listing agent Bobby Shaw (575) 392-2023

    Listing date Jul 17, 2025

    MLS# 20254100 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

    Hobbs Land Parcel For Sale

    This is an 18.88-acre parcel of unimproved land located north of Hobbs, New Mexico. The property is suitable for residential or commercial development. Owner financing may be considered for qualified buyers and agreeable terms. The property currently has a holding tank for RV use, but it does not have a septic system or a water well.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.131009
    Latitude
    32.843447

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    FAQs

    What type of property is this?
    Land - 18.88 acres of unimproved land north of Hobbs, NM.
    Where is this land located?
    The property is located at 516 E Pinson Rd Hobbs, NM.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Approximately 18.88 acres provides ample space.; - Suitable for either residential or commercial development.; - Owners will consider owner financing for qualified buyers.
    (575) 392-2023
    Request Owner's contact information
    516 E Pinson Rd Hobbs, NM 88242
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    Hobbs, NM 88242
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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
    516 E Pinson Rd Hobbs, NM 88242
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