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    OFF-MARKET
    Land

    6721 World Dr, Hobbs, NM 88240

    4.2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.2-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located at 6721 N World Dr, this property boasts an ideal location within Lea County, offering excellent visibility and accessibility. The asking price is $350,000, representing a compelling value for developers and investors seeking to establish a presence in this dynamic market. The expansive lot size provides ample space for a variety of commercial ventures, from retail establishments and office buildings to industrial facilities or warehousing. Its strategic location within Hobbs ensures convenient access to major transportation routes, a robust workforce, and a growing consumer base. The property's zoning and potential uses should be verified independently with the relevant authorities. This is a blank canvas for your next commercial project, offering significant potential for growth and return on investment. The property is situated in a rapidly developing area of Hobbs, making it an attractive prospect for businesses looking to capitalize on the region's economic expansion. Detailed site plans and surveys are available upon request. Don't miss this chance to acquire a substantial commercial land holding in a prime New Mexico location. The property's address is 6721 N World Dr, Hobbs, NM 88240. Latitude and longitude coordinates are 32.7769012, -103.1962341 respectively.

    Property profile
    Verified
    Property type Land
    Lot 4.2 ac (182,952 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
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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