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    OFF-MARKET
    Land

    11014 Meadowlark Dr, Hobbs, NM 88242

    2.2 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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