Property profile

9 Broadmoor Park Hobbs, NM 88240

OFF-MARKET
Land
Property ID
US61-0705146
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Property summary

AI-generated overview

This exceptional lot, identified as Lot 9 in the desirable Broadmoor Park neighborhood of Hobbs, New Mexico, presents a unique opportunity for builders or investors. Priced competitively at $69,700, this land parcel is one of the few remaining lots in this sought-after community, making it a truly rare find. Located in Lea County, the property boasts a convenient address within Broadmoor Park, offering easy access to local amenities and services. The lot is ready for immediate development, allowing for the construction of a new home. However, it's important to note that all renderings, plans, materials, and elevations for any new home construction must receive prior approval from the Broadmoor Homeowners Association (HOA). This ensures the maintenance of the neighborhood's aesthetic appeal and high standards. The precise dimensions of the lot are not specified, but its location within a well-established neighborhood suggests a desirable size and configuration suitable for residential construction. The property's geographic coordinates are 32.7240593 latitude and -103.130743 longitude, providing precise location data for interested parties. This is an excellent investment opportunity in a thriving New Mexico community. Don't miss out on the chance to secure this prime piece of land in Hobbs, NM. The zip code for this property is 88240.

Property profile

Verified
Property type Land
UPID US61-0705146

Cap rate & NOI

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

Location

9 Broadmoor Park Hobbs, NM 88240
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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