Property profile

0 Tbd Carlsbad Hwy Hobbs, NM 88240

OFF-MARKET
Land
10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre commercial land parcel presents a compelling investment opportunity in Hobbs, New Mexico. Strategically located near the Pilot Travel Center, Hobbs Airport, and the Hobbs Country Club, this property boasts significant highway frontage along Carlsbad Highway. The expansive acreage offers considerable development potential for a variety of commercial ventures, capitalizing on its high-visibility location and proximity to key amenities and transportation routes. The property's address is listed as TBD Carlsbad Hwy, Hobbs, NM 88240, within Lea County. Its precise coordinates are 32.634892 latitude and -103.5162911 longitude. The asking price for this prime commercial land is $650,000. This represents a rare chance to acquire a substantial land holding in a thriving New Mexico community with excellent access and visibility. The property's size and location make it ideal for a wide range of commercial developments, promising strong returns on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

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

Location

Tbd Carlsbad Hwy Hobbs, NM 88240
Hobbs 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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