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    1031 Cambridge St Arkansas Junction, NM 88240

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1031 Cambridge St

    Property type
    Land

    Description

    This exceptional 11,325.6 square foot land parcel is ideally situated at 1031 W Cambridge Street in Hobbs, New Mexico, within Lea County, zip code 88240. Offered at $92,268, this property presents a fantastic opportunity for development in a well-established area just north of Brittany in Westminster Hollow. The lot's size provides ample space for a variety of construction projects. Detailed location coordinates are 32.6702606 latitude and -103.4049445 longitude. Prospective buyers should note that restrictive covenants are in place and available for review in the associated documents. This property is classified as vacant land and is ready for immediate development. The convenient location in Hobbs, New Mexico offers easy access to local amenities and infrastructure. Serious inquiries are encouraged to explore the potential of this valuable land parcel. This is a unique opportunity to acquire a sizable lot in a desirable area, perfect for building your dream project. The property is legally described as being in Arkansas Junction, NM.

    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

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      508 Dalmont St

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    1031 Cambridge St
    Arkansas Junction, 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
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