Property profile

0 Alto Dr Hobbs, NM 88240

OFF-MARKET
Land
1.27 ac lot
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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

Location

Alto Dr Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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