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    4210 N Lovington Hwy Hobbs, NM 88240

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    For Sale
    $2,242,000

    Multi-parcel project with high traffic and development potential.

    Property size:
    8 SF
    Lot size:
    8.74 Acres

    Property Features for 4210 N Lovington Hwy

    General Information

    Size
    8 SF
    Lot size
    8.74 Acres

    Source: Steve Lyon, CCIM Agent Steve Lyon, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    Plaza Hobbs is a multi-parcel project encompassing approximately 8.74 acres, situated at the southeast corner of N. Lovington Highway and Magnolia Drive. Texas Roadhouse serves as the anchor tenant, demonstrating strong sales and service performance. Pad 2 has been sold to Blake’s Lotaburger, a regional hamburger chain, with development plans targeted for 2025. Ingress and egress are shared along N. Lovington Highway and Magnolia Drive. A multi-user pylon sign is positioned along N. Lovington Highway and is shared by the project's users. Phase II comprises approximately 4.291 gross acres, sharing parking and drive aisles for the entire project. Located at Hobbs’ key retail intersection, this site presents numerous opportunities. It is intended to permit a variety of large- and small-scale retail businesses that align with the desired commercial growth for the area. Phase 2 includes approximately 4.291 gross acres with shared parking and drive aisles, multiple access points, and shared pylon signage along N. Lovington Highway. The location benefits from excellent traffic count, with 23,967 vehicles per day. There are over 80,000 residents within a 30-minute drive of the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas Roadhouse Steak House

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office 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
    -103.1666922
    Latitude
    32.7468863

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    FAQs

    What type of property is this?
    Commercial land - Multi-parcel project with high traffic and development potential.
    Where is this commercial land located?
    The property is located at 4210 N Lovington Hwy Hobbs, NM.
    What is the asking price?
    The asking price for this property is $2,242,000.
    What are key features of this property?
    This property features: - Located at Hobbs' key retail intersection with **high traffic count (23,967 vehicles per day)**.; - Anchor tenant is **Texas Roadhouse, experiencing top sales and service performance.**; - Over 80,000 residents within a 30-minute drive.
    (505) 934-9994
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    4210 N Lovington Hwy 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
    4210 N Lovington Hwy Hobbs, NM 88240
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