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    Rash Rd Hobbs, NM 88240

    For Sale
    $150,000

    1.43 Acres, Fenced Commercial Yard

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.431-acre commercial land parcel presents a unique investment opportunity in Hobbs, New Mexico. Located at TBD S Rash Road, zip code 88240, this property boasts a fully fenced yard, ideal for various commercial uses. Built in 1979, the land offers convenient access to key transportation routes, including easy access to Marland and Carlsbad Highway (US Highway 62), ensuring excellent connectivity for businesses. The property's location within Lea County provides access to a thriving local economy and a strategic position for regional operations. The expansive lot size provides ample space for development or expansion, making it suitable for a wide range of commercial ventures. This property is priced competitively at $150,000, representing a compelling value proposition for discerning investors seeking a well-situated commercial land asset in a dynamic New Mexico market. The property's existing fencing adds immediate utility and security, reducing initial setup costs for potential buyers. Its strategic location and size make it an attractive option for businesses seeking a prominent presence in Hobbs. The coordinates for this property are 32.6934849 latitude and -103.1644156 longitude. This is a rare opportunity to acquire a sizable, well-located commercial land parcel in a growing area.

    Property Features for 0 Rash Rd

    General Information

    Property type
    Land
    Lot Size
    62,334 SF

    Building Details

    Year Built
    1979

    HighLights

    • $150,000 asking price for 1.431 acres of commercial land.
    • Located in Hobbs, New Mexico, in Lea County, zip code 88240.
    • Property is fenced and easily accessible from US Highway 62.
    • 1979 construction.
    • Broker‑owned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1644156
    Latitude
    32.6934849

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    FAQs

    What type of property is this?
    Land - 1.43 Acres, Fenced Commercial Yard
    Where is this land located?
    The property is located at Rash Rd Hobbs, NM.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price for 1.431 acres of commercial land.; Located in Hobbs, New Mexico, in Lea County, zip code 88240.; Property is fenced and easily accessible from US Highway 62.
    (575) 390-3480
    Request Owner's contact information
    Rash 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
    Rash Rd Hobbs, NM 88240
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