11014 Meadowlark Dr, Hobbs, NM 88242
This exceptional 2.2-acre parcel of land presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located at 11014 N Meadowlark Drive, this property offers significant potential for various development projects. The expansive lot size provides ample space for a wide range of uses, from residential construction to commercial ventures. Situated in Lea County, the property benefits from convenient access to key transportation routes and essential amenities. The address is precisely 11014 N Meadowlark Drive, Hobbs, NM 88242, with GPS coordinates of 32.8252321 latitude and -103.2148313 longitude. The asking price for this remarkable property is $90,000, making it an attractive proposition for discerning investors seeking a valuable land asset in a dynamic New Mexico market. The property is classified as land and is not currently improved with any structures. Its size, location, and affordability combine to create a compelling investment opportunity with considerable upside potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.