Property profile

6100 Carlsbad Hwy Hobbs, NM 88240

OFF-MARKET
Land
Property ID
US61-0647122
2.2 ac lot
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Property summary

AI-generated overview

This exceptional 2.2-acre commercial lot in Hobbs, New Mexico, presents a remarkable opportunity for business development. Located at 6100 W Carlsbad Highway, in Lea County, zip code 88240 (32.6972155, -103.2148077), this property boasts significant infrastructure advantages. Two existing water wells eliminate the need for immediate well installation, saving considerable time and expense. A fully functional septic system is already in place, simplifying the permitting process and reducing upfront costs. Electricity is connected, providing immediate power access. Furthermore, the property offers convenient access to city water and sewer services, providing a comprehensive utility infrastructure. The asking price for this ready-to-develop lot is $350,000. Its strategic location and existing infrastructure make it an ideal site for a variety of commercial ventures, offering significant potential for return on investment. Prospective buyers are encouraged to conduct their own due diligence and verify all information. The property is easily accessible for viewing.

Property profile

Verified
Property type Land
Lot 2.2 ac (95,832 SF)
UPID US61-0647122

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Rental Facility

Location

6100 Carlsbad Hwy Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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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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