Versatile Office/Warehouse on Expansive
For Lease
$25.26 SF/Yr
1606 E Nadine Rd Hobbs NM 88240, Hobbs, NM 88240
3,800 SF of Industrial Space Available in Hobbs, NM 88240
Space SizeContact for details
Days on Market632
Property Features for 1606 E Nadine Rd Hobbs NM 88240
General Information
Standard status
Active
Property type
Warehouses, Other industrial properties, Industrial live-work properties, Industrial properties, Mixed-use properties
Elevators
N/A
Rate Type
Yearly
Building Details
Year Built
2010
Listed By:
John Jinks
(512) 791-7329
Added: Jan 13, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 3,800-square-foot office and warehouse property is located in Hobbs, New Mexico, on a 4.5-acre lot. The property features a 1,300-square-foot office area with four private offices. The warehouse includes two 14-foot-tall drive-in doors. A fenced and rocked yard enhances security and functionality. The property is approximately 3.5 miles south of the South Bypass and 0.5 miles east of South Eunice Highway/NM-18, across from RanchView RV park. The property is suited for a variety of industrial uses, particularly oilfield service companies seeking a satellite facility.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.79 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Lease Benchmarks for Hobbs, NM
$27.16 /SF/Yr
Avg Asking Price
$25.26–$29.19 /SF/Yr
Price Range
5,050 SF
Avg Space Size
This space is priced 7% below the average of $27.16 /SF/Yr.
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,800 SF of Industrial Space Available in Hobbs, NM 88240
Where is this warehouse located?
The property is located at 1606 E Nadine Rd Hobbs NM 88240 Hobbs, NM.
What is the lease rate?
The lease rate is $25.26 SF/Yr.
