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Flex Facility with Truck Bays
For Sale
$1,200,000

602 W Sanger Street, Hobbs, NM 88240

Commercial Sale, Hobbs, NM

Property Size21,000 SF
Lot Size5.00 Acres
Price / SF$57.14
Days on Market227

Property Features for 602 W Sanger Street

General Information

Property type Commercial Sale
Property subtype Other
Interior features Overhead Door(s), Shipping Door(s)
Subdivision New Mexico Mls
Standard status Active
APN 4000900830002
Size 21,000 SF
Lot size 5.00 Acres

Taxes and HOA fees

Tax Description Metes & Bounds See Associated Documents Exhibit A
Legal Description Metes & Bounds See Associated Documents Exhibit A

Utilities

Heating system Forced Air

Building Details

Year built 1975
Listing Agency: Burkett - Shaw Realty / Hobbs
Listed By: Bobby Shaw · License #19614
Added: Jan 19 Changed: Sep 2 Last Checked: Sep 3 at 10:06AM
MLS# 20260365

Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property combines office, warehouse, and shop improvements within a 21,000-square-foot facility. Approximately 5,100 square feet is configured as office space, while more than 15,000 square feet supports warehouse and shop functions. Two truck repair bays, overhead doors, shipping doors, and forced-air heating add practical utility for industrial users. The improvements date to 1975.

The property occupies 5 fenced acres at 602 W Sanger Street in Hobbs, New Mexico, 88240. Its central location within town provides an in-town setting for a sizable commercial operation, with ample grounds supporting the facility’s warehouse and service-oriented configuration.

Key Highlights

  • 5 fenced acres at 602 W Sanger Street, Hobbs, NM 88240
  • 21,000‑square‑foot flex facility
  • Apx. 5100 sq ft of office space

Property Analytics

Current Use

Xcel Energy Electric Utility Company

Suggested Use

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

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

580
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
Questions? Ask Rey
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Similar Off Market Nearby

  • KTM Catering & Desserts 124 E Broadway St, Hobbs, NM 88240

Frequently Asked Questions

What type of property is this?
Flex space - Fenced commercial grounds combine office accommodations with warehouse and shop space for a range of industrial operations.
Where is this flex space located?
The property is located at 602 W Sanger Street Hobbs, NM.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5 fenced acres at 602 W Sanger Street, Hobbs, NM 88240; 21,000‑square‑foot flex facility; Apx. 5100 sq ft of office space
More about this property
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