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    1203 Cambridge St Arkansas Junction, NM 88240

    For Sale
    $120,155

    14,374.8 sq ft lot, build-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 14,374.8 square foot lot presents a unique opportunity for development in the desirable Hobbs, New Mexico area. Situated at 1203 W Cambridge Street, this property is conveniently located just north of Brittany in the established Westminster Hollow neighborhood, offering a blend of convenience and tranquility. The lot is ready for construction, providing a blank canvas for your vision. Detailed restrictive covenants are available for review in the associated documents, ensuring a cohesive and well-maintained community. The property's address is 1203 W Cambridge Street, Hobbs, NM 88240, within Lea County. Its precise coordinates are latitude 32.6702606 and longitude -103.4049445. This prime piece of land is offered at an attractive asking price of $120,155, making it an ideal investment for builders or developers seeking a well-situated lot in a thriving New Mexico community. The expansive lot size provides ample space for a variety of residential or commercial projects, allowing for creative design and development possibilities. Don't miss this chance to acquire a valuable piece of land in a sought-after location.

    Property Features for 1203 Cambridge St

    General Information

    Property type
    Land

    HighLights

    • $120,155 asking price.
    • 14,374.8 square foot land parcel.
    • Located at 1203 W Cambridge Street, Hobbs, NM 88240.
    • Situated in Lea County, New Mexico.
    • Located in the Westminster Hollow area, north of Brittany.
    • Subject to restrictive covenants.
    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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      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 - 14,374.8 sq ft lot, build-ready.
    Where is this land located?
    The property is located at 1203 Cambridge St Arkansas Junction, NM.
    What is the asking price?
    The asking price for this property is $120,155.
    What are key features of this property?
    This property features: $120,155 asking price.; 14,374.8 square foot land parcel.; Located at 1203 W Cambridge Street, Hobbs, NM 88240.
    (575) 392-1000
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    1203 Cambridge St 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
    1203 Cambridge St Arkansas Junction, NM 88240
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