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Commercial Property on Grimes Street
For Sale
$225,000

821 S Grimes ST, Hobbs, NM 88240

Commercial property with 12 freight bays and expansion potential.

Property Size4,000 SF
Lot Size0.87 Acres
Price / SF$56.25
Days on Market205

Property Features for 821 S Grimes ST

General Information

Standard status Active
Size 4,000 SF
Lot size 0.87 Acres
Listing Agency: Real Broker LLC
Listed By: Sarah Mackay · License #REC-2024-0520
Source: Homesteaders-realty
Added: Mar 26 Changed: Oct 15 Last Checked: Oct 16 at 8:53AM

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 Real Broker LLC

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Investment Insights

Based on property information with market context.

This commercial property is located on Grimes Street, offering visibility and accessibility. The building includes six freight bays on each side, totaling 12 bays with overhead doors, providing loading and unloading capacity. Plumbing has been installed for a bathroom, and there is space available to build out an office. The property sits on 0.87 acres, offering room for expansion or to store vehicles and equipment. A separate entrance for deliveries and office access enhances operational efficiency. The lot is fenced on the north side, ensuring security and privacy.

Key Highlights

  • Twelve freight bays with overhead doors provide ample loading/unloading capacity
  • Located on Grimes with excellent visibility and accessibility
  • 0.87‑acre lot offers room for expansion or storage

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
Balanced
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

  • Mama E's Food Truck & Catering — 1113 S Grimes St, Hobbs, NM 88240
  • Mis Amigos DLS Ltd. Co. — 719 S Houston St, Hobbs, NM 88240
  • KTM Catering & Desserts — 124 E Broadway St, Hobbs, NM 88240

Frequently Asked Questions

What type of property is this?
Flex space - Commercial property with 12 freight bays and expansion potential.
Where is this flex space 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: Twelve freight bays with overhead doors provide ample loading/unloading capacity; Located on Grimes with excellent visibility and accessibility; 0.87‑acre lot offers room for expansion or storage
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