Property profile

1015 Cambridge St Arkansas Junction, NM 88240

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 12,196.8 square foot lot is located at 1015 W Cambridge Street in Hobbs, New Mexico, within Lea County, zip code 88240. Priced affordably at $103,673, this property presents a fantastic opportunity for building in a desirable area. Situated just north of Brittany in the Westminster Hollow neighborhood, this land offers a convenient location with established infrastructure. The property is classified as vacant land, providing a blank canvas for your vision. Detailed restrictive covenants are available for review in the associated documents. The lot's generous size allows for ample space to design and construct a custom home or other suitable structure. Its location in Hobbs, NM, provides access to local amenities and services. This is an excellent investment opportunity for those seeking to build in a well-established and convenient neighborhood. The coordinates for this property are 32.6702606 latitude and -103.4049445 longitude. Don't miss this chance to acquire this prime piece of land and bring your building plans to life.

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

Location

1015 Cambridge St Arkansas Junction, NM 88240
Arkansas Junction 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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