Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Land

    0 La Mesa St, Hobbs, NM 88242

    2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2-acre parcel of land in Hobbs, New Mexico, presents a unique opportunity for development. Recently subdivided, this property boasts a newly installed 3-horse pump in the irrigation well, ensuring ample water resources. Partial metal fencing is already in place along the side and front, with poles installed to facilitate the continuation of the fence along the back. The seller is actively completing the fencing between this property and the adjacent residence at 13927 N. La Mesa Street. This land is offered for sale independently, but there is also the option to purchase it in conjunction with the property at 13927 N. La Mesa Street (MLS #20244733), if desired. Located in Lea County, New Mexico, with the address listed as TBD N La Mesa Street, Hobbs, NM 88242 (32.8561489, -103.1686234), this property is priced affordably at $85,000. This makes it an ideal investment for those seeking a buildable lot with existing infrastructure in a desirable location. The convenient location and existing improvements make this a truly attractive opportunity.

    Property profile
    Verified
    Property type Land
    Lot 2 ac (87,120 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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own La Mesa St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message