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Flex Space with Fenced Yard
New
For Sale
$898,000

1216 W Lea, Hobbs, NM 88240

Office improvements include private work areas, a conference room, a breakroom, and restrooms.

Property Size4,040 SF
Lot Size3.01 Acres
Price / SF$222.28
Days on Market7

Property Features for 1216 W Lea

General Information

Standard status Active
Size 4,040 SF
Lot size 3.01 Acres
Property subtype Commercial

Site & Location

Fenced Yard Yes
Outdoor Storage Yes

Additional Details

Office Build-Out 4,040 SF

Amenities

Conference room
Breakroom

Building Details

Year Built 1992
Listing Agency: Rivas Real Estate Team Co.
Listed By: Leeroy Rivas · License #2072
Source: Rivasrealestatenm
Added: Oct 1 Last Checked: Oct 5 at 3:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rivas Real Estate Team Co.

Investment Insights

Based on property information with market context.

This 1992 flex property in Hobbs, New Mexico, pairs 4,040 square feet of office space with a fully fenced yard. The office layout includes private offices, a large conference room, a breakroom, and restrooms. The site occupies a 3.01-acre corner lot and has west-entry access to the yard.

The office-and-yard configuration is identified for distribution, manufacturing, and other industrial uses. The property is located at 1216 W Lea in Hobbs.

Key Highlights

  • 4,040 SF of office space
  • Private offices, large conference room, breakroom, and restrooms
  • Fully fenced yard with west entry access

Property Analytics

Current Use

TMS Software Rent ... Tech Support Center National Resources Freight Service King Logistic Oil ... Oilfield All Star Technologies (Bike/Boat/Book/etc) Store Sun View Properties ... Property Management Company

Suggested Use

Top Pick Dental Office Furniture & Home Goods Kitchen & Bath Showroom Skin Care Clinic (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

248
Businesses Nearby
Under-served
Demand for This Use

Demographics for 88240, NM

42,386
Population
16,490
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
76%
High-School Grad
600.2 sq mi
ZIP Area
71
Density / Sq Mi
$65,394
Median Household Income
$37,178
Median Earnings
$1,124
Median Rent
$177,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Office improvements include private work areas, a conference room, a breakroom, and restrooms.
Where is this flex space located?
The property is located at 1216 W Lea Hobbs, NM.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: 4,040 SF of office space; Private offices, large conference room, breakroom, and restrooms; Fully fenced yard with west entry access
More about this property
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