Property profile

1398 Georgia Ave Hobbs, NM 88242

OFF-MARKET
Land
1 ac lot
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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

Location

1398 Georgia Ave Hobbs, NM 88242
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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