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    618 Turner St Hobbs, NM 88240

    For Sale
    $285,000

    Prime Hobbs location, versatile commercial land.

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    324
    This exceptional commercial property, located at 618 S Turner Street in Hobbs, New Mexico, is offered at $285,000. The property consists of a sizable land parcel improved with three updated office spaces and a large shop. Built in 1982, the existing structures provide immediate functionality, while the land itself presents significant potential for future development or expansion. The property boasts a convenient location within a high-traffic area of Hobbs, ensuring excellent visibility and accessibility for any business. The layout is versatile, suitable for a wide range of commercial uses. A key feature is the inclusion of a gated yard, providing secure storage or outdoor workspace. The zip code is 88240, and the property is situated in Lea County. This is an excellent opportunity for investors or business owners seeking a well-located and adaptable commercial property in a thriving New Mexico market. The property's existing structures offer immediate occupancy, minimizing upfront investment and allowing for rapid business commencement. The combination of existing improvements and ample land provides a unique opportunity for growth and customization. This property is ready for its next chapter.

    Property Features for 618 Turner St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1982

    HighLights

    • $285,000 asking price.
    • Vacant land zoned for commercial use.
    • 1982 construction.
    • Located at 618 S Turner Street, Hobbs, NM 88240.
    • High‑traffic area with versatile layout suitable for multiple business types.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1360129
    Latitude
    32.6947399

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    FAQs

    What type of property is this?
    Land - Prime Hobbs location, versatile commercial land.
    Where is this land located?
    The property is located at 618 Turner St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: $285,000 asking price.; Vacant land zoned for commercial use.; 1982 construction.
    Request Owner's contact information
    618 Turner St 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
    618 Turner St Hobbs, NM 88240
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