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    126 Marland Blvd Hobbs, NM 88240

    For Sale
    $160,000

    20,037 sq ft Commercial Lot, $160,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 20,037.6 square foot commercial land parcel presents a remarkable investment opportunity in the thriving city of Hobbs, New Mexico. Located at 126 S Marland Boulevard, this property boasts a highly desirable corner location, ideal for a wide range of business ventures. Its expansive size offers ample space for development, allowing for significant flexibility in design and construction. The property is zoned for commercial use and is situated in Lea County, NM, with a zip code of 88240. The address is easily accessible, providing excellent visibility and convenient access for customers and employees. Given its prime location and substantial size, this lot represents a unique chance to establish a successful business in a dynamic and growing market. The asking price of $160,000 makes this an attractive proposition for investors seeking a strong return on their investment. The coordinates for the property are 32.7000487 latitude and -103.121846 longitude. This is a rare opportunity to acquire a large, well-situated commercial lot in a desirable area of Hobbs, New Mexico. Don't miss out on this chance to build your business dream in a prime location.

    Property Features for 126 Marland Blvd

    General Information

    Property type
    Land

    HighLights

    • 20,037.6 SF commercial lot in Hobbs, NM.
    • Highly desirable corner location at 126 S Marland Boulevard.
    • Zoned for commercial use in Lea County, NM (Zip code 88240).
    • Excellent visibility and accessibility.
    • $160,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.121846
    Latitude
    32.7000487

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    FAQs

    What type of property is this?
    Land - 20,037 sq ft Commercial Lot, $160,000
    Where is this land located?
    The property is located at 126 Marland Blvd Hobbs, NM.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 20,037.6 SF commercial lot in Hobbs, NM.; Highly desirable corner location at 126 S Marland Boulevard.; Zoned for commercial use in Lea County, NM (Zip code 88240).
    (575) 392-0266
    Request Owner's contact information
    126 Marland Blvd 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
    126 Marland Blvd Hobbs, NM 88240
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