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    OFF-MARKET
    Land

    1398 Georgia Ave, Hobbs, NM 88242

    1 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1 ac (43,560 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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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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