Property profile

0 County Rd Hobbs, NM 88240

OFF-MARKET
Land
160 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 160-acre parcel of vacant land presents a unique investment opportunity in Hobbs, New Mexico. Located off West County Road in Lea County, this expansive property offers significant potential for various development projects. The land is currently undeveloped, providing a blank canvas for creative vision. With its substantial acreage, the property is ideal for a range of uses, from agricultural pursuits to potential commercial or residential development, subject to local zoning regulations. The asking price is $800,000. The property's location in Hobbs, NM, offers convenient access to essential amenities and infrastructure. Detailed surveys and environmental assessments may be required for specific development plans. Prospective buyers are encouraged to conduct their own due diligence to determine the suitability of the land for their intended purpose. This is a rare opportunity to acquire a large tract of land in a growing area of New Mexico. The property's size and location make it an attractive investment for those seeking significant land holdings in a strategic location. The zip code for this property is 88240. The coordinates are latitude 32.6891713 and longitude -103.1793685. Serious inquiries only.

Property profile

Verified
Property type Land
Lot 160 ac (6,969,600 SF)

Cap rate & NOI

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

Location

County Rd Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own County Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message