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    3900 N Lovington Hwy Hobbs, NM 88240

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    For Lease
    Contact for pricing

    Retail space in growing Hobbs commercial corridor for lease.

    Property size:
    1,920 SF
    Lot size:
    1.54 Acres

    Property Features for 3900 N Lovington Hwy

    General Information

    Size
    1,920 SF
    Lot size
    1.54 Acres

    Source: CMS Properties Agent Greg Duncan

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

    Overview

    Retail Center on Main Corridor

    This retail center is located on one of Hobbs’ main commercial corridors, offering exposure and accessibility. The area is experiencing economic growth, with ongoing development in the commercial, residential, and infrastructure sectors. The available space is 1920 square feet. This location is suitable for expanding businesses looking to join a mix of tenants in a growing New Mexico city.
    Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop Hobbs Open MRI Mri Center Kelly Pfeiffer Nurse Practitioner Check Into Cash Check Cashing Service Cato Fashions Women'S Clothing Store

    Suggested Use

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

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

    Similar Places Nearby

    Plaza @ Hobbs Station

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1624326
    Latitude
    32.7429015

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      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
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    FAQs

    What type of property is this?
    Shopping center - Retail space in growing Hobbs commercial corridor for lease.
    Where is this shopping center located?
    The property is located at 3900 N Lovington Hwy Hobbs, NM.
    What are key features of this property?
    This property features: - Prime location on Hobbs' main commercial corridor.; - High exposure and accessibility.; - Located in a hub of economic growth and ongoing development.
    (806) 794-1492
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    3900 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
    3900 N Lovington Hwy Hobbs, NM 88240
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