Building Details

Tenancy Multi

Listing Agency: United Realty, LLC - Hobbs r***@unitedrealtynm.com Show Phone

Listed By: Rodney Davis · License #0821386

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 2:56AM

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Investment Insights

Based on property information with market context.

This office building has been updated and is substantially leased, with all but two offices currently occupied. The property is located at 208 N Turner St in Hobbs, New Mexico.

Key Highlights

• All but 2 offices are currently leased
• Updated office building
• 208 N Turner St, Hobbs, NM 88240

Property Analytics

Property Profile

Current Use

Presbyterian Medical Services Medical Clinic Change4Greatness L.L.C Social Service Agency Cesar Ornelas Injury ... Law Firm

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Storage Facility Nail Salon Furniture & Home Goods

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

848

Businesses Nearby

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

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

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Frequently Asked Questions

What type of property is this?

Office building - Recently improved office property with two offices not currently leased.

Where is this office building located?

The property is located at 208 N Turner St Hobbs, NM.

What are key features of this property?

This property features: All but 2 offices are currently leased; Updated office building; 208 N Turner St, Hobbs, NM 88240