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    821 Grimes St Hobbs, NM 88240

    For Sale
    $465,000

    .87-acre industrial warehouse, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, situated at 821 S Grimes Street in Hobbs, New Mexico, presents a compelling investment opportunity. The 37,700 square foot lot houses a warehouse boasting excellent visibility and accessibility from its prime location. The building features twelve freight bays—six on each side—equipped with overhead doors, significantly enhancing loading and unloading efficiency. Plumbing is already in place for a bathroom, and ample space is available for the development of an office area tailored to specific business requirements. The expansive 0.87-acre lot provides significant room for future expansion or the convenient storage of vehicles and equipment. A dedicated separate entrance for deliveries and office access streamlines operations, while a fence on the north side of the property ensures security and privacy. This property is zoned for commercial, warehouse, and manufacturing uses, making it suitable for a wide range of businesses. The asking price is $465,000. This is a rare opportunity to acquire a well-located, functional warehouse in a thriving New Mexico market. The property's features and location make it an ideal choice for businesses seeking efficient operations and strategic growth.

    Property Features for 821 Grimes St

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $465,000 asking price.
    • 37,700 square foot lot.
    • 0.87‑acre commercial warehouse in Hobbs, NM.
    • Excellent visibility and accessibility from Grimes Street.
    • Twelve (12) freight bays with overhead doors.
    • Room for office build‑out and expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1451559
    Latitude
    32.692786

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    FAQs

    What type of property is this?
    Manufacturing property - .87-acre industrial warehouse, high visibility.
    Where is this manufacturing property located?
    The property is located at 821 Grimes St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: $465,000 asking price.; 37,700 square foot lot.; 0.87-acre commercial warehouse in Hobbs, NM.
    Request Owner's contact information
    821 Grimes 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
    821 Grimes St Hobbs, NM 88240
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