Property profile

0 Navajo Dr Hobbs, WY 82240

OFF-MARKET
Land
8.64 ac lot
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Property summary

AI-generated overview

This exceptional 8.64-acre land parcel presents a remarkable investment opportunity in Hobbs, Wyoming. Located on TBD E Navajo Drive, this property boasts a prime corner location on a busy bypass, ensuring high visibility and accessibility. The expansive lot size offers significant potential for a variety of development projects, catering to diverse needs and visions. Its strategic placement within the thriving community of Hobbs, situated in Lea County, Wyoming, with a zip code of 82240, makes it an ideal location for businesses seeking high traffic exposure or developers looking to capitalize on the area's growth. The asking price for this exceptional property is $2,446,327. Given its size, location, and potential, this land represents a rare chance to acquire a significant asset in a dynamic market. The property's address is listed as TBD E Navajo Drive, Hobbs, WY 82240. Serious inquiries are encouraged to explore the possibilities this prime location offers. The property is classified as land and is ready for immediate development. The substantial acreage provides ample space for a wide range of commercial or residential projects. This is a unique opportunity to secure a substantial land holding in a rapidly developing area. The high traffic volume of the bypass ensures maximum exposure for any future development. Don't miss this chance to acquire this valuable piece of land in a prime location.

Property profile

Verified
Property type Land
Lot 8.64 ac (376,358 SF)

Cap rate & NOI

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

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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