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    OFF-MARKET
    Commercial real estate

    9 Broadmoor Park, Hobbs, NM 88240

    Property ID
    US61-0705146
    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 Commercial real estate
    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
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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