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Property profile & analytics

Arkansas Junction, NM 88240

  • Land
  • 1.30 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Land

Property Details

Lot size
1.30 lot acres
Property type
Land

Description

This 1.3-acre lot, identified as Lot 18, is located in Hobbs, New Mexico, within Lea County (zip code 88240). Offered at $566,280, this property presents a significant opportunity for developers. The land is situated in a rapidly expanding area of Hobbs, offering convenient access to numerous established facilities. These include the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, the Lea County Event Center, and New Mexico Junior College (NMJC). The lot's strategic interior location within the development places it just west of the planned City Sports complex, City Park, and a pond, promising high visibility and accessibility. This property is particularly well-suited for a variety of commercial developments, including but not limited to retail spaces, office parks, and childcare facilities. The surrounding infrastructure and the area's growth trajectory make this a compelling investment opportunity in a thriving New Mexico community. The coordinates for this property are 32.6702606 latitude and -103.4049445 longitude.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • 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
More about this property
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