Property profile

4 Buena Suerte Dr Hobbs, NM 88242

OFF-MARKET
Land
5.23 ac lot
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Property summary

AI-generated overview

This exceptional 5.234-acre lot, located at Lot 4 Buena Suerte Drive in Hobbs, New Mexico, presents a unique opportunity for new construction. Situated conveniently north of Hobbs, near the Texas state line, this property offers a desirable blend of privacy and accessibility. The land is part of a larger, well-maintained farm, ensuring a level and easily landscaped site. Abundant sunshine bathes the property throughout the day. The asking price for this remarkable parcel is $259,000. The address is Lot 4 Buena Suerte Drive, Hobbs, NM 88242, within Lea County. Its convenient location provides easy access to the city's amenities while still offering the tranquility of a rural setting. The lot's size provides ample space for a substantial home and landscaping, making it ideal for those seeking a spacious and private property. This is a rare opportunity to build your dream home in a desirable location. Don't miss out on this chance to own a piece of New Mexico's beautiful landscape. The property's geographic coordinates are 32.8491984 latitude and -103.1278674 longitude.

Property profile

Verified
Property type Land
Lot 5.23 ac (227,993 SF)

Cap rate & NOI

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

Location

4 Buena Suerte Dr Hobbs, NM 88242
Hobbs metro
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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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