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    OFF-MARKET
    Land

    0 Alto Dr, Hobbs, NM 88240

    1.27 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 1.27 ac (55,321 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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