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    1209 Cambridge St Arkansas Junction, NM 88240

    For Sale
    $120,466

    14,374.8 sq ft lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 14,374.8 square foot land parcel presents a remarkable opportunity for development in Hobbs, New Mexico. Located at 1209 W Cambridge Street, this property is situated in the desirable Westminster Hollow neighborhood, just north of Brittany. The lot offers significant potential for various construction projects, benefiting from its established surroundings. The asking price for this prime piece of land is $120,466. Detailed restrictive covenants are available for review in the associated documents. The property's address is precisely 1209 W Cambridge Street, Hobbs, NM 88240, within Lea County. Its geographic coordinates are 32.6702606 latitude and -103.4049445 longitude. This location provides easy access to local amenities and infrastructure, making it an ideal choice for builders and investors seeking a well-positioned lot in a thriving community. The property is classified as vacant land, ready for immediate development. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The size of the lot is confirmed as 14,374.8 square feet. This presents a significant opportunity for a substantial project.

    Property Features for 1209 Cambridge St

    General Information

    Property type
    Land

    HighLights

    • 14,374.8 sq ft vacant land parcel in Hobbs, NM, ready for immediate development.
    • Located at 1209 W Cambridge St, in the Westminster Hollow neighborhood.
    • Asking price: $120,466.
    • Detailed restrictive covenants available.
    • Located in Lea County, NM (32.6702606, -103.4049445).
    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 Location

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    FAQs

    What type of property is this?
    Land - 14,374.8 sq ft lot, excellent location.
    Where is this land located?
    The property is located at 1209 Cambridge St Arkansas Junction, NM.
    What is the asking price?
    The asking price for this property is $120,466.
    What are key features of this property?
    This property features: 14,374.8 sq ft vacant land parcel in Hobbs, NM, ready for immediate development.; Located at 1209 W Cambridge St, in the Westminster Hollow neighborhood.; Asking price: $120,466.
    (575) 392-1000
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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
    1209 Cambridge St Arkansas Junction, NM 88240
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