6721 World Dr, Hobbs, NM 88240
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).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.