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    300 Navajo Dr Hobbs, NM 88240

    Sponsored
    For Sale
    $550,000

    2.22 Acres, City Utilities, Owner Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.22-acre land parcel presents a compelling investment opportunity in the thriving city of Hobbs, New Mexico. Strategically located on the bustling Navajo Drive, this property boasts convenient access to essential city utilities, making it ideally suited for a variety of commercial developments. The expansive lot size offers ample space for ambitious projects, while its prime location ensures high visibility and accessibility. The asking price is $550,000, and the seller is open to owner financing, making this an attractive proposition for buyers seeking flexible payment options. Situated in Lea County, New Mexico, with the address 300 E Navajo Drive, zip code 88240, and coordinates 32.741261 latitude and -103.133357 longitude, this property offers significant potential for growth and return on investment. The readily available city utilities simplify development plans, reducing upfront costs and accelerating project timelines. Given its size and location, this land is well-positioned to capitalize on the robust economic activity in Hobbs. Serious inquiries are encouraged to explore the possibilities of this remarkable commercial land opportunity. Don't miss this chance to acquire a prime piece of real estate in a dynamic and growing market.

    Property Features for 300 Navajo Dr

    General Information

    Property type
    Land
    Lot Size
    96,703 SF

    HighLights

    • 2.22‑acre commercial land parcel in Hobbs, NM.
    • Located on Navajo Drive with convenient access to city utilities.
    • Asking price: $550,000; owner financing available.
    • Address: 300 E Navajo Drive, Hobbs, NM 88240 (32.741261, -103.133357).
    Property Profile Location Intelligence

    Current Use by Public Records

    Aztec Storage Containers Container Supplier Navajo Equipment LLC Rental Lawn Patrol Lawn Care Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.133357
    Latitude
    32.741261

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    FAQs

    What type of property is this?
    Land - 2.22 Acres, City Utilities, Owner Financing
    Where is this land located?
    The property is located at 300 Navajo Dr Hobbs, NM.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 2.22-acre commercial land parcel in Hobbs, NM.; Located on Navajo Drive with convenient access to city utilities.; Asking price: $550,000; owner financing available.
    (575) 392-0266
    Request Owner's contact information
    300 Navajo Dr 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
    300 Navajo Dr Hobbs, NM 88240
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