Property profile

0 Stanolind Rd Hobbs, NM 88240

OFF-MARKET
Land
48.53 ac lot
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Property summary

AI-generated overview

This exceptional 48.53-acre commercial land parcel presents a remarkable investment opportunity in Hobbs, New Mexico. Located on East Stanolind Road in Lea County, this expansive property boasts significant frontage, ideal for a variety of commercial developments. The property's size and strategic location offer substantial potential for both commercial and residential projects, making it an attractive prospect for developers and investors seeking a foothold in a thriving market. The asking price is $480,000. The property's zoning and permitted uses should be independently verified. Given its substantial acreage and prime location on Stanolind Road, this property offers unparalleled visibility and accessibility, making it an excellent choice for businesses seeking high traffic exposure. The address is listed as TBD E Stanolind Road, Hobbs, NM 88240. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a large tract of land in a rapidly growing area with significant potential for future appreciation. Serious inquiries only. The property is zoned for commercial use, but buyers should conduct their own due diligence to confirm zoning and permitted uses. This property is ready for development and offers a unique chance to build a successful commercial venture in a desirable location.

Property profile

Verified
Property type Land
Lot 48.53 ac (2,113,967 SF)

Cap rate & NOI

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

Location

Stanolind Rd Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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