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    Lovington Hwy Hobbs, NM 88242

    For Sale
    $350,000

    Prime Commercial Land, Hobbs, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 6.85-acre commercial property is situated on Lovington Highway in Hobbs, New Mexico. Its prime location offers high visibility and convenient access to major transportation routes, making it ideal for a variety of commercial ventures. The level topography simplifies development, while readily available utilities streamline the construction process. Ample space allows for extensive parking and building footprints. The property's strategic placement amongst established businesses ensures significant traffic flow and potential customer base. This presents a unique opportunity for businesses seeking expansion, relocation, or a new establishment in a thriving commercial area. The property's APN is 4000708450001 and is located in Lea County, zip code 88242. The asking price for this valuable commercial land is $350,000. No zoning is currently permitted. This is a rare opportunity to acquire a substantial parcel of land in a high-demand location.

    Property Features for 0 Lovington Hwy

    General Information

    Property type
    Land
    Lot Size
    298,386 SF

    HighLights

    • $350,000 asking price.
    • 6.85‑acre commercial land parcel.
    • Located on Lovington Hwy, Hobbs, NM.
    • APN: 4000708450001.
    • High visibility and easy access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.2241234222
    Latitude
    32.804950689751

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Hobbs, NM
    Where is this land located?
    The property is located at Lovington Hwy Hobbs, NM.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 6.85-acre commercial land parcel.; Located on Lovington Hwy, Hobbs, NM.
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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
    Lovington Hwy Hobbs, NM 88242
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