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    108 Willow St Hobbs, NM 88240

    For Sale
    $1,500,000

    15,000 sq ft commercial lot, $1.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 15,000 square foot commercial property located at 108 S Willow in Hobbs, New Mexico, is offered for sale at $1,500,000. The land, built in 1980, presents a unique investment opportunity. Currently housing a thriving radio station, the sale includes all broadcasting equipment, two vans, and a transmitter, along with a valuable broadcasting license boasting a 100,000-watt capacity. The radio station itself has a rich history of over 32 years, establishing strong relationships with local advertisers and listeners. It's a well-known source of music, local news, weather, and entertainment within the community. This turnkey operation provides immediate access to a successful business, allowing new owners to build upon its existing success and implement their own vision. The sale includes everything needed to continue operations seamlessly. This is a rare opportunity to acquire a profitable business and valuable commercial real estate in a desirable location. The property is situated in Lea County, New Mexico, with a zip code of 88240. Serious inquiries only.

    Property Features for 108 Willow St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1980

    HighLights

    • $1,500,000 asking price
    • 15,000 SF lot size
    • Commercial land in Hobbs, NM
    • Located at 108 S Willow, Hobbs, NM 88240
    • Built in 1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Klma Radio Broadcaster

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1149042
    Latitude
    32.7001034

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    FAQs

    What type of property is this?
    Land - 15,000 sq ft commercial lot, $1.5M
    Where is this land located?
    The property is located at 108 Willow St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price; 15,000 SF lot size; Commercial land in Hobbs, NM
    Request Owner's contact information
    108 Willow St Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Willow St Hobbs, NM 88240
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