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    502 W Alto Dr Hobbs, NM 88240

    For Sale
    Contact for pricing

    Mixed Use - Hobbs, NM

    Type:Mixed Use
    Property size:
    2,560 SF
    Days on Market:
    255
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 502 W Alto Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    207333
    Parking features
    Parking Lot
    Exterior features
    Irregular Lot
    Size
    2,560 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Architectural style
    Other

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

    Listing agent Cindy Shoobridge (575) 392-0266

    Listing date Mar 29, 2025

    MLS# 20251772 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

    Hobbs Office Building For Sale

    This high-quality office building, currently configured as a law office, features numerous large, private offices and a large conference room. The building offers a versatile layout suitable for various office users, including medical, executive, or traditional practices. The 2,560 square feet space includes four offices, a reception area, a meeting/conference room, a copy/file room, a break room, a kitchen area, two bathrooms, and a garage currently used for storage. The property is move-in ready and offers ample parking. It presents an excellent opportunity for an owner/user or investor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zebas Law Firm, ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.141299
    Latitude
    32.717112

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      Hobbs Office Building For Sale

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      502 W Alto Dr, Hobbs, NM 88240
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    FAQs

    What type of property is this?
    Office space - High-quality, move-in ready office building with ample parking.
    Where is this office space located?
    The property is located at 502 W Alto Dr Hobbs, NM.
    What is the asking price?
    The asking price for this property is $5,500.
    What are key features of this property?
    This property features: - Move-in ready office space suitable for various professional uses.; - Features numerous private, large offices and a large conference room.; - Flexible options: available for sale or lease.
    (575) 392-0266
    Request Owner's contact information
    502 W Alto Dr 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
    502 W Alto Dr Hobbs, NM 88240
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