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12-Bay Warehouse with Loading
For Sale
$225,000

821 S Grimes St, Hobbs, NM 88240

Commercial Sale, Hobbs, NM

Property Size4,000 SF
Lot Size0.90 Acres
Price / SF$56.25
Days on Market132

Property Features for 821 S Grimes St

General Information

Property type Commercial Sale
Property subtype Other
Interior features Overhead Door(s)
Subdivision New Mexico Mls
Standard status Active
APN 4000056590001
Size 4,000 SF
Lot size 0.90 Acres

Taxes and HOA fees

Tax Description BLOCK 3, LOTS 1-6, BYERS HTS ADD
Tax Annual Amount 4542
Legal Description BLOCK 3, LOTS 1-6, BYERS HTS ADD

Building Details

Year built 1960
Roof type Metal
Listing Agency: Real Broker LLC
Listed By: Sarah Mackay · License #REC-2024-0520
Added: Jun 9 Changed: Oct 6 Last Checked: Oct 18 at 4:06PM
MLS# 20263419

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.

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Investment Insights

Based on property information with market context.

This 4,000-square-foot warehouse was built in 1960 and includes 12 overhead-door bays arranged across both sides of the building. The property also has a metal roof, plumbing installed for a bathroom, and space that can be configured for office use. A separate entry serves deliveries and office access.

The property is located at 821 S Grimes St in Hobbs, New Mexico, on a 0.9-acre lot. The north side of the site is fenced, and the grounds provide space for vehicle or equipment storage as well as potential expansion. The combination of multiple loading bays, dedicated access points, and adaptable interior space supports warehouse and service-oriented operations.

Key Highlights

  • 12 total bays with overhead doors, arranged six per side
  • 4,000 square feet on a 0.9‑acre lot
  • Plumbing installed for a bathroom

Property Analytics

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Current Use

J&S Ramirez Paint ... Auto Repair Shop J & S Paint ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Nail Salon Furniture & Home Goods Skin Care Clinic Law Firm

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

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby
Well-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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Similar Off Market Nearby

  • Self Storage New Mexico - Hobbs | Grimes — 700 S Grimes St, Hobbs, NM 88240
  • Dia-Log — W Broadway St, Hobbs, NM 88240
  • Self Storage New Mexico - Hobbs | W. Dunnam — 1108 W Dunnam St, Hobbs, NM 88240
  • Hobbs Self Storage — 1515 W Broadway Pl, Hobbs, NM 88240

Frequently Asked Questions

What type of property is this?
Warehouse - Warehouse with overhead doors, separate delivery access, and room for office buildout.
Where is this warehouse located?
The property is located at 821 S Grimes St Hobbs, NM.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 12 total bays with overhead doors, arranged six per side; 4,000 square feet on a 0.9‑acre lot; Plumbing installed for a bathroom
More about this property
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