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    6721 World Dr Hobbs, NM 88240

    For Sale
    $350,000

    Prime commercial land, Hobbs, NM. Highway frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.2-acre commercial land parcel presents a unique investment opportunity in Hobbs, New Mexico. Strategically located on the east side of Highway 18 North, this triangular-shaped property boasts approximately 650 feet of frontage on World Drive, offering excellent visibility and accessibility. Its prime location places it directly across from the entrance to the Rock Wind Golf Complex, Harry McAdams Park, and the Hobbs Industrial Air Park, ensuring high traffic volume and exposure to a diverse clientele. The surrounding area is characterized by established commercial properties, creating a synergistic environment for potential development. The asking price of $350,000 reflects a recent adjustment from the original listing. This property's size, location, and proximity to key amenities make it ideal for a wide range of commercial ventures. The address is 6721 N World Drive, Hobbs, NM 88240, within Lea County. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is zoned for commercial use (verification of zoning with local authorities is recommended).

    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.
    • 650 feet of frontage on World Drive, Highway 18 North.
    • High visibility across from Rock Wind Golf Complex, Harry McAdams Park, and Hobbs Industrial Air Park.
    • $350,000 asking price; commercially zoned (verify zoning).
    • Address: 6721 N World Drive, Hobbs, NM 88240.
    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 - Prime commercial land, Hobbs, NM. Highway frontage.
    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.; 650 feet of frontage on World Drive, Highway 18 North.; High visibility across from Rock Wind Golf Complex, Harry McAdams Park, and Hobbs Industrial Air Park.
    (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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