Property summary
This exceptional 1.27-acre commercial land parcel presents a unique investment opportunity in Hobbs, New Mexico. Strategically located near the Post Office, Magistrate Court, and the New Mexico State Building, this property enjoys high visibility and convenient access to essential services and infrastructure. The site's prime location within Lea County makes it highly attractive for a variety of commercial developments. Its flat topography simplifies construction and site preparation, minimizing potential development challenges. The asking price for this exceptional property is $400,000. Given its size, location, and proximity to key government buildings and public services, this land offers significant potential for substantial return on investment. The address is listed as TBD N Alto Drive, Hobbs, NM 88240, with GPS coordinates of 32.7225512 latitude and -103.1293944 longitude. This is a rare chance to acquire a sizable, well-situated commercial lot in a thriving New Mexico community. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing area. The property is zoned for commercial use.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.