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    203 W Broadway St Hobbs, NM 88240

    Pending
    For Sale
    $530,000

    Retail - Hobbs, NM

    Type:Retail
    Property size:
    6,892 SF
    Days on Market:
    14
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 203 W Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Pending
    APN
    4000166690001
    Parking
    10
    Parking features
    On Street
    Exterior features
    Irregular Lot
    Size
    6,892 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Building materials
    Block, Stucco
    Architectural style
    Other

    Robinson & Associates Real Estate (575) 392-0266 [email protected]

    Listing agent Robbie Robinson (575) 392-0266

    Listing date Nov 22, 2025

    MLS# 20256498 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in Downtown Hobbs

    This retail property is located on Broadway Street in Hobbs' downtown shopping district. The property has curb appeal with city-maintained landscaping. Situated in the heart of the downtown shopping and entertainment plaza, it benefits from foot traffic and evening events. The corner suite is leased to a barber shop. Next door, facing Broadway, is a business office leased to a tax accounting firm. Around the corner are three equally sized suites with retail and salon tenants. The property features glass windows showcasing each business. All five units are leased with tenants. The property has a total size of 6,892 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service J & J Accounting ... Accountant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.137748
    Latitude
    32.700463

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    FAQs

    What type of property is this?
    Strip mall - Turn-key retail rental property in Hobbs' downtown shopping district.
    Where is this strip mall located?
    The property is located at 203 W Broadway St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: - Located in the heart of downtown Broadway St shopping district with high foot traffic and evening events.; - All five units are currently leased with seasoned tenants, providing instant income.; - Turn-key retail rental property requiring no immediate renovations.
    (575) 392-0266
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    203 W Broadway St Hobbs, NM 88240
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    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203 W Broadway St Hobbs, NM 88240
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