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    Arkansas Junction, NM 88240

    • Land
    • 1.50 lot acres
    For Sale
    View listing
    $653,400
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    1.50 lot acres
    Property type
    Land

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arkansas Junction
    County
    Lea
    State
    New Mexico
    Longitude
    -103.405
    Latitude
    32.6703

    Comparable in this City

    • Value Estimation by Request

      515 Clinton St

      Land
      515 Clinton St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request

      108 Willow St

      Land
      108 Willow St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request
      1.43 Acres

      Rash Rd

      Land • 1.43 Acres
      0 Rash Rd, Hobbs, NM 88240
      View Details
    • Value Estimation by Request
      10.53 Acres

      3 Millen

      Land • 10.53 Acres
      3 Millen, Arkansas Junction, NM 88240
      View Details
    • Value Estimation by Request

      508 Dalmont St

      Retail properties
      508 Dalmont St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request

      414 Taylor St

      Office Properties & Spaces
      414 Taylor St, Hobbs, NM 88240
      View Details

    Similar Nearby for Sale

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      1.21 Acres

      Hobbs, NM Prime Pad Site

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    • $653,400
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      Hobbs, NM Commercial Land Opportunity

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      Arkansas Junction, NM 88240
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    • $2,409,302
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      Hobbs, NM Commercial Land Tract

      12.87 Acres, Prime Commercial Location
      0 Side, Hobbs, NM 88240
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    Similar Nearby for Lease

    • Contact for pricing
      195,584 SF

      Hobbs Retail Land Opportunity

      Prime Lea County location, build-to-suit options.
      4100 Lovington Hwy, Hobbs, NM 88240
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      Hobbs, NM Commercial Warehouse

      High-traffic corner lot, versatile space.
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      Hobbs, NM Office Space for Lease

      Prime Hobbs office space, multiple suites available.
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      2,513 SF

      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
      3920 N Lovington Hwy, Hobbs, NM 88240
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    • $7 SF/Yr
      28,000 SF

      Retail Space in Bel Aire Center

      28,000 SF available in established Hobbs shopping center.
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      1,920 SF

      Retail Center on Main Corridor

      Retail space in growing Hobbs commercial corridor for lease.
      3900 N Lovington Hwy, Hobbs, NM 88240
      View Details
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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
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