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    515 Clinton St Hobbs, NM 88240

    • Commercial real estate
    For Sale
    View listing
    $70,000
    Value Estimation
    Location Intelligence
    Property ID
    US61-0552586
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 515 Clinton St

    Property type
    Commercial real estate

    Description

    This exceptional 6,750 square foot lot, located at 515 E Clinton Street in Hobbs, New Mexico, presents a remarkable opportunity for residential development. Situated in Lea County, zip code 88240, this property boasts a prime corner location, offering excellent visibility and accessibility. The asking price is $70,000. The expansive lot size provides ample space for the construction of a site-built home or a manufactured home, catering to diverse building preferences. Its ideal location within Hobbs makes it an attractive proposition for those seeking a convenient and desirable residential setting. The property's coordinates are 32.706824 latitude and -103.130337 longitude. This is a two-lot property, offering additional space and potential. This is a rare opportunity to acquire a sizable, well-positioned lot in a growing community. The land is ready for immediate development, making it an attractive investment for builders, developers, or individuals looking to build their dream home. Don't miss this chance to secure this prime piece of real estate in Hobbs, New Mexico. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.130337
    Latitude
    32.706824

    Comparable in this City

    • $550,000
      2.22 Acres

      Hobbs Land: Navajo Drive Opportunity

      2.22 Acres, City Utilities, Owner Financing
      300 Navajo Dr, Hobbs, NM 88240
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    • $440,000

      608 S Commerce Street

      Distribution properties
      608 Commerce St, Arkansas Junction, NM 88240
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    • $200,000
      2.16 Acres

      Hobbs, NM Land - 2.156 Acres

      Prime Lea County development opportunity.
      0 Tbd Pearl Dr Dr, Arkansas Junction, NM 88240
      View Details
    • Contact for pricing
      1.21 Acres

      Hobbs, NM Prime Pad Site

      1.21-Acre Commercial Pad Site in Hobbs, NM
      0 Central Ave, Hobbs, NM 88240
      View Details
    • $653,400
      1.50 Acres

      Hobbs, NM Commercial Land Opportunity

      1.5-acre lot, prime Lea County location
      Arkansas Junction, NM 88240
      View Details
    • $2,409,302
      12.87 Acres

      Hobbs, NM Commercial Land Tract

      12.87 Acres, Prime Commercial Location
      0 Side, Hobbs, NM 88240
      View Details

    Similar Nearby for Sale

    • $550,000
      2.22 Acres

      Hobbs Land: Navajo Drive Opportunity

      2.22 Acres, City Utilities, Owner Financing
      300 Navajo Dr, Hobbs, NM 88240
      View Details
    • $440,000

      608 S Commerce Street

      Distribution properties
      608 Commerce St, Arkansas Junction, NM 88240
      View Details
    • $200,000
      2.16 Acres

      Hobbs, NM Land - 2.156 Acres

      Prime Lea County development opportunity.
      0 Tbd Pearl Dr Dr, Arkansas Junction, NM 88240
      View Details
    • Contact for pricing
      1.21 Acres

      Hobbs, NM Prime Pad Site

      1.21-Acre Commercial Pad Site in Hobbs, NM
      0 Central Ave, Hobbs, NM 88240
      View Details
    • $653,400
      1.50 Acres

      Hobbs, NM Commercial Land Opportunity

      1.5-acre lot, prime Lea County location
      Arkansas Junction, NM 88240
      View Details
    • $2,409,302
      12.87 Acres

      Hobbs, NM Commercial Land Tract

      12.87 Acres, Prime Commercial Location
      0 Side, Hobbs, NM 88240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      195,584 SF

      Hobbs Retail Land Opportunity

      Prime Lea County location, build-to-suit options.
      4100 Lovington Hwy, Hobbs, NM 88240
      View Details
    • Contact for pricing

      Hobbs, NM Commercial Warehouse

      High-traffic corner lot, versatile space.
      109 Dal Paso St, Hobbs, NM 88240
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    • Contact for pricing
      1,600 SF

      Hobbs, NM Office Space for Lease

      Prime Hobbs office space, multiple suites available.
      3601 Grimes St, Hobbs, NM 88240
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    • Contact for pricing
      2,513 SF

      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
      3920 N Lovington Hwy, Hobbs, NM 88240
      View Details
    • $7 SF/Yr
      28,000 SF

      Retail Space in Bel Aire Center

      28,000 SF available in established Hobbs shopping center.
      931 E Bender Blvd, Hobbs, NM 88240
      View Details
    • Contact for pricing
      1,920 SF

      Retail Center on Main Corridor

      Retail space in growing Hobbs commercial corridor for lease.
      3900 N Lovington Hwy, Hobbs, NM 88240
      View Details
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    515 Clinton St
    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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