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    6721 World Dr Hobbs, NM 88240

    For Sale
    $350,000

    4.2 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.2-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located at 6721 N World Dr, this property boasts an ideal location within Lea County, offering excellent visibility and accessibility. The asking price is $350,000, representing a compelling value for developers and investors seeking to establish a presence in this dynamic market. The expansive lot size provides ample space for a variety of commercial ventures, from retail establishments and office buildings to industrial facilities or warehousing. Its strategic location within Hobbs ensures convenient access to major transportation routes, a robust workforce, and a growing consumer base. The property's zoning and potential uses should be verified independently with the relevant authorities. This is a blank canvas for your next commercial project, offering significant potential for growth and return on investment. The property is situated in a rapidly developing area of Hobbs, making it an attractive prospect for businesses looking to capitalize on the region's economic expansion. Detailed site plans and surveys are available upon request. Don't miss this chance to acquire a substantial commercial land holding in a prime New Mexico location. The property's address is 6721 N World Dr, Hobbs, NM 88240. Latitude and longitude coordinates are 32.7769012, -103.1962341 respectively.

    Property Features for 6721 World Dr

    General Information

    Property type
    Land
    Lot Size
    182,952 SF

    HighLights

    • 4.2‑acre commercial land parcel in Hobbs, NM.
    • Located at 6721 N World Dr, Lea County, offering excellent visibility and accessibility.
    • Asking price: $350,000.
    • Suitable for various commercial uses, including retail, office, industrial, and warehousing.
    • Convenient access to major transportation routes and a growing workforce.
    • Zoning and potential uses must be independently verified.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Building Supply Wholesale Shop Department Store Discount Store Travel Agency Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1962341
    Latitude
    32.7769012

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    FAQs

    What type of property is this?
    Land - 4.2 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 6721 World Dr Hobbs, NM.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 4.2-acre commercial land parcel in Hobbs, NM.; Located at 6721 N World Dr, Lea County, offering excellent visibility and accessibility.; Asking price: $350,000.
    (575) 393-4083
    Request Owner's contact information
    6721 World 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
    6721 World Dr Hobbs, NM 88240
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