Property profile

6721 World Dr Hobbs, NM 88240

OFF-MARKET
Land
4.2 ac lot
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Property summary

AI-generated overview

This exceptional 4.2-acre commercial land parcel presents a unique investment opportunity in Hobbs, New Mexico. Strategically located on the east side of Highway 18 North, this triangular-shaped property boasts approximately 650 feet of frontage on World Drive, offering excellent visibility and accessibility. Its prime location places it directly across from the entrance to the Rock Wind Golf Complex, Harry McAdams Park, and the Hobbs Industrial Air Park, ensuring high traffic volume and exposure to a diverse clientele. The surrounding area is characterized by established commercial properties, creating a synergistic environment for potential development. The asking price of $350,000 reflects a recent adjustment from the original listing. This property's size, location, and proximity to key amenities make it ideal for a wide range of commercial ventures. The address is 6721 N World Drive, Hobbs, NM 88240, within Lea County. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is zoned for commercial use (verification of zoning with local authorities is recommended).

Property profile

Verified
Property type Land
Lot 4.2 ac (182,952 SF)

Cap rate & NOI

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

Location

6721 World Dr Hobbs, NM 88240
Hobbs metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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