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    Tbd Pearl Dr Dr Arkansas Junction, NM 88240

    Sponsored
    For Sale
    $200,000

    Prime Lea County development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.156-acre parcel of land is located in Hobbs, New Mexico, within Lea County, and presents a compelling investment opportunity. Situated on TBD Pearl Drive Drive, with the zip code 88240, this property offers significant potential for various development projects. The land's size provides ample space for a range of uses, subject to local zoning regulations. The asking price for this property is $200,000. Its convenient location in Hobbs, NM, offers easy access to local amenities and infrastructure. Interested parties are encouraged to conduct their own due diligence regarding zoning, utilities, and potential development restrictions. The geographic coordinates are 32.6702606 latitude and -103.4049445 longitude. A drive-by is recommended to assess the property's suitability for your specific needs. Further information is available upon request. This is a rare opportunity to acquire a sizable land parcel in a growing area of New Mexico. Don't miss out on this chance to secure a valuable asset in a desirable location. Contact us today to learn more about this exceptional property and its development potential.

    Property Features for 0 Tbd Pearl Dr Dr

    General Information

    Property type
    Land
    Lot Size
    93,915 SF

    HighLights

    • 2.156‑acre parcel in Hobbs, NM (Lea County).
    • Located on TBD Pearl Drive, zip code 88240.
    • Asking price: $200,000.
    • Suitable for various development projects (buyer to verify zoning).
    • Coordinates: 32.6702606 latitude, -103.4049445 longitude.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Arkansas Junction
    County
    Lea
    State
    New Mexico
    Longitude
    -103.4049445
    Latitude
    32.6702606

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    FAQs

    What type of property is this?
    Land - Prime Lea County development opportunity.
    Where is this land located?
    The property is located at Tbd Pearl Dr Dr Arkansas Junction, NM.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 2.156-acre parcel in Hobbs, NM (Lea County).; Located on TBD Pearl Drive, zip code 88240.; Asking price: $200,000.
    Request Owner's contact information
    Tbd Pearl Dr Dr Arkansas Junction, 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
    Tbd Pearl Dr Dr Arkansas Junction, NM 88240
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