Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Tbd Lovington Hobbs Arkansas Junction, NM 88240

    For Sale
    $5,868,838

    29.94 Acres, $5.8M Asking Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 29.94-acre commercial land parcel presents a significant investment opportunity in Lea County, New Mexico. Located in the Oil Center near Arkansas Junction, this property boasts a strategic location with convenient access to major transportation routes, making it ideal for a variety of commercial ventures. The expansive acreage offers ample space for development, allowing for flexibility in design and scale. The property's address is listed as TBD Lovington Hobbs, with a zip code of 88240. Situated at latitude 32.6702606 and longitude -103.4049445, this location provides excellent visibility and accessibility. The asking price for this substantial land holding is $5,868,838. Given its size and prime location within a thriving area, this property represents a rare chance to acquire a significant commercial land asset in New Mexico. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the land for their specific commercial development plans. The property is classified as commercial land and is ready for immediate development. This presents a unique opportunity for businesses seeking a large footprint in a strategically important location. The property is zoned for commercial use. Further details regarding zoning regulations and permitted uses can be obtained through the appropriate Lea County authorities.

    Property Features for 0 Tbd Lovington Hobbs

    General Information

    Property type
    Land
    Lot Size
    1,304,186 SF

    HighLights

    • 29.94‑acre commercial land parcel in Lea County, NM, near Arkansas Junction.
    • Strategically located with easy access to major transportation routes.
    • $5,868,838 asking price.
    • Zoned for commercial use and ready for immediate development.
    • Address: TBD Lovington Hobbs, NM 88240 (32.6702606, -103.4049445).
    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

    Nearby Comparable

    • $200,000
      2.16 Acres

      Hobbs, NM Land - 2.156 Acres

      Prime Lea County development opportunity.
      0 Tbd Pearl Dr Dr, Arkansas Junction, NM 88240
      View Details
    • $440,000

      608 S Commerce Street

      Distribution properties
      608 Commerce St, Arkansas Junction, NM 88240
      View Details
    • $653,400
      1.50 Acres

      Hobbs, NM Commercial Land Opportunity

      1.5-acre lot, prime Lea County location
      Arkansas Junction, NM 88240
      View Details
    • $1,829,520
      4.20 Acres

      Hobbs, NM Land - 4.2 Acres

      Prime Lea County land, ideal for development.
      Arkansas Junction, NM 88240
      View Details
    • $120,155

      Hobbs, NM Land - Prime Location

      14,374.8 sq ft lot, build-ready.
      1203 Cambridge St, Arkansas Junction, NM 88240
      View Details
    • $120,466

      Hobbs, NM Land - Prime Development Site

      14,374.8 sq ft lot, excellent location.
      1209 Cambridge St, Arkansas Junction, NM 88240
      View Details

    FAQs

    What type of property is this?
    Land - 29.94 Acres, $5.8M Asking Price
    Where is this land located?
    The property is located at Tbd Lovington Hobbs Arkansas Junction, NM.
    What is the asking price?
    The asking price for this property is $5,868,838.
    What are key features of this property?
    This property features: 29.94-acre commercial land parcel in Lea County, NM, near Arkansas Junction.; Strategically located with easy access to major transportation routes.; $5,868,838 asking price.
    (575) 393-4083
    Request Owner's contact information
    Tbd Lovington Hobbs Arkansas Junction, NM 88240
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tbd Lovington Hobbs
    Arkansas Junction, NM 88240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Lovington Hobbs Arkansas Junction, NM 88240
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.