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    OFF-MARKET
    Land

    0 County Rd, Hobbs, NM 88240

    160 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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