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Property profile & analytics
OFF-MARKET
Land

1203 Cambridge St Arkansas Junction, NM 88240

Property ID
Property summary
AI-generated overview

This exceptional 14,374.8 square foot lot presents a unique opportunity for development in the desirable Hobbs, New Mexico area. Situated at 1203 W Cambridge Street, this property is conveniently located just north of Brittany in the established Westminster Hollow neighborhood, offering a blend of convenience and tranquility. The lot is ready for construction, providing a blank canvas for your vision. Detailed restrictive covenants are available for review in the associated documents, ensuring a cohesive and well-maintained community. The property's address is 1203 W Cambridge Street, Hobbs, NM 88240, within Lea County. Its precise coordinates are latitude 32.6702606 and longitude -103.4049445. This prime piece of land is offered at an attractive asking price of $120,155, making it an ideal investment for builders or developers seeking a well-situated lot in a thriving New Mexico community. The expansive lot size provides ample space for a variety of residential or commercial projects, allowing for creative design and development possibilities. Don't miss this chance to acquire a valuable piece of land in a sought-after location.

Property profile
Verified
Property type Land
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
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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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