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    806 Main St Hobbs, NM 88240

    For Sale
    $550,000

    0.48-Acre Shop with Four Bays - $550K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property in Hobbs, New Mexico, presents a fantastic opportunity for a thriving business. Located at 806 W Main Street, this 20,860 square foot lot houses a well-established auto or diesel mechanic shop, complete with four spacious bays ideal for servicing a wide range of vehicles. The property's strategic location on Main Street ensures high visibility and convenient customer access, complemented by ample on-site parking. The building itself offers a functional layout, including a dedicated office space, a restroom, and substantial storage areas, maximizing efficiency and workspace. The 0.48-acre lot provides generous space for vehicle storage and future expansion. The asking price for this turnkey operation is $550,000, representing a compelling investment in a robust commercial market. This property is situated in Lea County, New Mexico, and boasts a prime location with easy access for customers and employees. The combination of its size, location, and existing infrastructure makes this an attractive proposition for entrepreneurs seeking a ready-to-use commercial space. The property is zoned for commercial use and is ready for immediate occupancy.

    Property Features for 806 Main St

    General Information

    Property type
    Distribution properties

    HighLights

    • $550,000 asking price.
    • 0.48‑acre lot (20,860 sq ft).
    • Lea County, NM location at 806 W Main Street, Hobbs, NM 88240.
    • Commercial warehouse property suitable for auto/diesel mechanic shop.
    • Four‑bay workshop with office, bathroom, and ample storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1458997
    Latitude
    32.6927587

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    FAQs

    What type of property is this?
    Distribution property - 0.48-Acre Shop with Four Bays - $550K
    Where is this distribution property located?
    The property is located at 806 Main St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price.; 0.48-acre lot (20,860 sq ft).; Lea County, NM location at 806 W Main Street, Hobbs, NM 88240.
    Request Owner's contact information
    806 Main 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
    806 Main St Hobbs, NM 88240
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