Property summary
This exceptional 1.21-acre commercial pad site presents a unique investment opportunity in a thriving Hobbs, New Mexico trade area. Located at the northeast quadrant of Joe Harvey Boulevard and North Central Avenue, this property boasts a prime location within Lea County, zip code 88240 (APN: 4930411125506). The site is zoned for commercial use, making it ideal for a variety of development projects. The surrounding area features a robust mix of retail establishments, hotels, and a high… daytime population, ensuring strong potential for any business. Hobbs' strategic location, just seven miles from the Texas/New Mexico border, serves a wide regional customer base. The area's high average income, exceeding $77,000 per household in the county, further underscores the market's strength. This property's proximity to significant amenities adds to its appeal. It's minutes away from the EnergyPlex Park, a 9,000-acre industrial complex supporting 25 industries and 5 airports. The Lea County Event Center, one of the state's largest, hosts approximately 150 events monthly. Nearby attractions include the Zia Park Casino, a 154-room hotel, horse racing track, restaurants, and the Ocotillo Golf Course. The presence of New Mexico Junior College, with over 3,200 students and 250 full-time employees, provides a substantial local workforce and consumer base. This pad site offers unparalleled access to a dynamic and growing market, making it an exceptional opportunity for commercial development.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
18 properties nearbyComparable nearby
Similar Nearby for Sale
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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- Lot area
- 1.21 ac
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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