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    311 W Broadway St Hobbs, NM 88240

    For Sale
    $435,000

    Retail - Hobbs, NM

    Type:Retail
    Property size:
    5,000 SF
    Days on Market:
    363
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 311 W Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    4000750760001
    Parking
    8
    Exterior features
    Irregular Lot
    Size
    5,000 SF

    Building Details

    Building materials
    Block
    Roof type
    Flat
    Architectural style
    Other

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

    Listing agent Robbie Robinson (575) 392-0266

    Listing date Dec 17, 2024

    MLS# 20247089 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

    Multi-Office Building in Downtown Hobbs

    This is a large multi-office building located in downtown Hobbs. It features a large reception lounge at the front entrance, along with three large offices situated just behind the reception area. Originally remodeled for a sleep center, the property includes private bathrooms in several rooms. The layout could be easily adapted for physicians' exam rooms. Additional amenities include a breakroom and a laundry closet. Lea County leads the nation in oil production, and with the expansion of the Urenco uranium enrichment facility, Hobbs is a central hub experiencing economic growth and business expansion in southeastern New Mexico. The property is 5,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pecos Valley Production ... Vaporizer Store

    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
    -103.139388
    Latitude
    32.700543

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    FAQs

    What type of property is this?
    Office building - Large office building in Hobbs, NM, suitable for various businesses.
    Where is this office building located?
    The property is located at 311 W Broadway St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Large multi-office building in downtown Hobbs.; - Originally remodeled with private bathrooms in several rooms, **suitable for medical or similar use.**; - Three large offices located just behind the reception area.
    (575) 392-0266
    Request Owner's contact information
    311 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
    311 W Broadway St Hobbs, NM 88240
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