Property profile

0 Calle Alto St Hobbs, NM 88242

OFF-MARKET
Land
1.5 ac lot
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Property summary

AI-generated overview

This exceptional 1.5-acre parcel of land presents a remarkable opportunity for investors and developers alike. Located in Hobbs, New Mexico, specifically on TBD N Calle Alto Street, in Lea County, zip code 88242, this property offers significant potential. The land is situated north of the city of Hobbs, providing a convenient yet slightly removed location. With its generous 1.5-acre size, the possibilities are vast, ranging from residential development to commercial ventures. The property's address is listed as TBD N Calle Alto Street, indicating that the exact street number is yet to be assigned. The geographical coordinates are 32.8512468 latitude and -103.1406924 longitude, allowing for precise location identification. This property is being offered at an attractive asking price of $65,000. Given its size and location, this represents a compelling investment opportunity in a growing area of New Mexico. Serious inquiries are encouraged to explore the full potential of this exceptional land offering. The property is classified as vacant land, providing a blank canvas for future development. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to acquire a substantial piece of land in a desirable location.

Property profile

Verified
Property type Land
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

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

Location

Calle Alto St Hobbs, NM 88242
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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