Property profile

11014 Meadowlark Dr Hobbs, NM 88242

OFF-MARKET
Land
2.2 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.2 ac (95,832 SF)

Cap rate & NOI

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

Location

11014 Meadowlark Dr Hobbs, NM 88242
Hobbs metro
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Value estimations

Realmo proprietary · 4 methods
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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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