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    Tbd Lovington Hwy Hobbs, NM 88240

    For Sale
    $5,868,838

    29.94 Acres, Excellent Highway Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 29.94-acre land parcel presents a remarkable investment opportunity in Hobbs, New Mexico. Strategically located along the Lovington Highway in Lea County, this property boasts approximately 1368.20 feet of valuable highway frontage, offering unparalleled visibility and accessibility. The expansive acreage provides ample space for a wide range of development possibilities, making it ideal for commercial ventures requiring significant land area and high traffic exposure. The property's location in Hobbs, a thriving city in southeastern New Mexico, ensures proximity to a robust infrastructure and a growing population. With its prime location and substantial size, this land parcel represents a unique chance to capitalize on the area's economic growth and create a significant return on investment. The address is listed as TBD Lovington Highway, Hobbs, NM 88240. The asking price for this exceptional property is $5,868,838. Detailed site surveys and environmental assessments are recommended for prospective buyers to fully understand the development potential and any associated considerations. This is a rare opportunity to acquire a large tract of land with significant highway frontage in a dynamic New Mexico market. Serious inquiries are encouraged.

    Property Features for 0 Tbd Lovington Hwy

    General Information

    Property type
    Land
    Lot Size
    1,304,186 SF

    HighLights

    • $5,868,838 asking price.
    • 29.94‑acre land parcel.
    • Located in Hobbs, Lea County, New Mexico, zip code 88240.
    • Address: TBD Lovington Highway.
    • Approximately 1368.20 feet of highway frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.2097478
    Latitude
    32.7901498

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    FAQs

    What type of property is this?
    Land - 29.94 Acres, Excellent Highway Access
    Where is this land located?
    The property is located at Tbd Lovington Hwy Hobbs, NM.
    What is the asking price?
    The asking price for this property is $5,868,838.
    What are key features of this property?
    This property features: $5,868,838 asking price.; 29.94-acre land parcel.; Located in Hobbs, Lea County, New Mexico, zip code 88240.
    (575) 393-4083
    Request Owner's contact information
    Tbd Lovington Hwy 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
    Tbd Lovington Hwy Hobbs, NM 88240
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