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    2 Buena Suerte Dr Hobbs, NM 88242

    • Land
    • 5.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Buena Suerte Dr

    Lot size
    5.23 lot acres
    Property type
    Land

    Description

    This exceptional 5.234-acre lot, located at Lot 2 Buena Suerte Drive in Hobbs, New Mexico, presents a unique opportunity for new construction. Situated conveniently north of Hobbs, near the Texas state line, this property offers a desirable blend of privacy and accessibility. The land is part of a larger, well-maintained farm, ensuring a level and easily buildable site with minimal site preparation needed. The existing landscaping provides a head start on creating a beautiful homesite. Enjoy abundant sunshine on this spacious lot, perfect for building your dream home. The asking price for this remarkable property is $259,000. The lot's address is Lot 2 Buena Suerte Drive, Hobbs, NM 88242, within Lea County. Its convenient location offers a balance between rural tranquility and proximity to the amenities of Hobbs. The property's size and location make it ideal for a variety of residential projects. Don't miss this chance to own a piece of desirable New Mexico 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
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.133
    Latitude
    32.8488

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    2 Buena Suerte Dr
    Hobbs, NM 88242
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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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