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Property profile & analytics
OFF-MARKET
Land

9300 Knowles Rd Arkansas Junction, NM 88240

80 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 80-acre farm and ranch property presents a rare investment opportunity in Lea County, New Mexico, near Hobbs. Located at 9300 N Knowles Road, Arkansas Junction, zip code 88240 (32.6702606, -103.4049445), this property boasts a custom-updated home featuring a gourmet kitchen complete with granite countertops, a large island, double ovens, a gas cooktop, and custom cabinetry. The open floor plan enhances the spacious feel, complemented by custom cabinetry and lighting throughout. A newly renovated apartment provides additional living space, ideal for family or guests. The property's practicality is further enhanced by multiple barns and outbuildings, providing ample storage and workspace. Agricultural potential is significant, with an irrigation pivot system and approximately 47.8 acres of water rights ensuring consistent productivity. Approximately 1500 pecan trees add to the property's income-generating potential. This turnkey operation offers a unique blend of comfortable living and substantial agricultural capabilities, making it an exceptional investment opportunity. The asking price for this remarkable property is $1,500,000.

Property profile
Verified
Property type Land
Lot 80 ac (3,484,800 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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Comparable Approach Comparable
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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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