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    108 Willow St Hobbs, NM 88240

    For Sale
    $1,500,000

    Thriving Radio Station, Established Business, Great Potential

    Property size:
    870 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional opportunity presents the chance to acquire a well-established and successful radio station in Hobbs, New Mexico. Operating for over 32 years, this turnkey business boasts strong, long-standing relationships with local advertisers and sponsors, making it a beloved community institution providing music, local news, weather, and entertainment. The sale includes the entire operation, eliminating the need for start-up costs and allowing for immediate revenue generation. All necessary equipment is included: this encompasses all broadcasting equipment, a 100,000-watt broadcast license, two company vans, and a transmitter. The physical property itself consists of an 870 square foot commercial building situated on a 0.34-acre lot at 108 S Willow, Hobbs, NM. The current owners have built a loyal listener base and a strong reputation within the community. This presents a unique opportunity for a buyer to step into a profitable, established business with significant growth potential. The asking price for this complete package is $1,500,000. This is a rare chance to acquire a thriving radio station with a proven track record and deep community ties.

    Property Features for 108 Willow St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    870 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Klma Radio Broadcaster

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1151
    Latitude
    32.69998

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving Radio Station, Established Business, Great Potential
    Where is this commercial real estate located?
    The property is located at 108 Willow St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (575) 392-3000
    Request Owner's contact information
    108 Willow 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
    108 Willow St Hobbs, NM 88240
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