9 Broadmoor Park, Hobbs, NM 88240
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.