Property profile

0 Tbd Catclaw Dr Hobbs, NM 88242

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 33,976.8 square foot lot is located in Hobbs, New Mexico, in Lea County, at the address TBD Catclaw Drive, zip code 88242. The property is designated as land and presents a significant opportunity for development. Its expansive size offers considerable flexibility for various projects. The asking price for this property is $59,000, and owner financing is available, making it an attractive investment prospect. The property's coordinates are 32.8287524 latitude and -103.0813467 longitude. This location in Hobbs, NM offers access to local amenities and infrastructure. The lot's size makes it suitable for a range of commercial or residential developments, subject to local zoning regulations and permitting requirements. Prospective buyers should conduct their own due diligence to assess the suitability of the land for their intended purpose. The availability of owner financing simplifies the acquisition process, making this a compelling opportunity for investors seeking a strategic land acquisition in a growing New Mexico market. Serious inquiries are encouraged to explore this promising investment further.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Tbd Catclaw Dr Hobbs, NM 88242
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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