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    8201 Stone Rd Hobbs, NM 88240

    Sponsored
    For Sale
    $50,000

    Build Your Dream in Hobbs, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .5-acre lot, encompassing 21,780 square feet, presents a remarkable opportunity for development in the desirable Monument area of Hobbs, New Mexico. Located at 8201 S Stone Road, Lea County, zip code 88240 (32.6102563, -103.2643642), this property offers convenient access to city water and electricity readily available in the adjacent alley. The land is being sold "AS IS," with the seller not undertaking any pre-sale repairs. This presents a unique chance for buyers to customize the property to their exact specifications. The asking price for this prime piece of land is $50,000. For those seeking flexible financing options, owner financing may be available upon presentation of an acceptable offer. This property is ideally suited for a variety of uses, making it an attractive investment for both residential and commercial ventures. The strategic location within Monument, coupled with the readily accessible utilities, makes this a truly exceptional opportunity. Serious inquiries are encouraged to explore this promising investment prospect further. Don't miss out on this chance to acquire a valuable piece of land in a growing New Mexico community.

    Property Features for 8201 Stone Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.2643642
    Latitude
    32.6102563

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    FAQs

    What type of property is this?
    Land - Build Your Dream in Hobbs, NM
    Where is this land located?
    The property is located at 8201 Stone Rd Hobbs, NM.
    What is the asking price?
    The asking price for this property is $50,000.
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    8201 Stone 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
    8201 Stone Rd Hobbs, NM 88240
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