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    OFF-MARKET
    Land

    6721 World Dr, Hobbs, NM 88240

    4.2 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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