1398 Georgia Ave, Hobbs, NM 88242
This exceptional 1-acre lot, located at 1398 W Georgia Avenue in Hobbs, New Mexico, presents a unique opportunity for residential development. Priced competitively at $85,000, this vacant land offers a blank canvas for your ideal home. Situated in Lea County, with a zip code of 88242, the property boasts a convenient location, slightly north of the city center. The precise coordinates are 32.7886246 latitude and -103.1535242 longitude. This property is perfect for those seeking a peaceful setting while still enjoying proximity to urban amenities. The lot's size provides ample space for a substantial home and landscaping, offering both privacy and potential for outdoor living. Given its desirable location and competitive price, this property is expected to sell quickly. Don't miss this chance to secure a piece of land in a growing community. Act now to capitalize on this exceptional opportunity to build your dream home in a prime location. The property is ready for immediate development, making it an attractive investment for those looking to build quickly. This is a rare opportunity to acquire a sizable lot in a desirable area of Hobbs, NM.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.