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    219 Grimes St Hobbs, NM 88240

    For Sale
    $410,000

    Prime 1.58-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.58-acre commercial land parcel is located at 219 N Grimes Street in Hobbs, New Mexico, within Lea County, and boasts a prime location for various commercial ventures. The property, built in 2007, presents a blank canvas for developers and entrepreneurs seeking to establish a new business or expand existing operations. Its generous size offers ample space for construction of a substantial building, allowing for flexibility in design and functionality. The address, 219 N Grimes Street, 88240, provides excellent visibility and accessibility, ensuring high traffic and potential customer reach. The property's location in Hobbs, NM, offers access to a thriving local economy and a growing population. This presents a unique opportunity to capitalize on the area's commercial growth potential. The asking price for this exceptional property is $410,000. Serious inquiries are encouraged to explore the possibilities this land offers. The property's coordinates are 32.7030308 latitude and -103.1452235 longitude. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location.

    Property Features for 219 Grimes St

    General Information

    Property type
    Land
    Lot Size
    68,825 SF

    Building Details

    Year Built
    2007

    HighLights

    • $410,000 asking price.
    • 1.58‑acre commercial land parcel.
    • Located at 219 N Grimes Street, Hobbs, NM 88240.
    • Lea County location.
    • Built in 2007.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage 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
    -103.1452235
    Latitude
    32.7030308

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    FAQs

    What type of property is this?
    Land - Prime 1.58-acre commercial lot.
    Where is this land located?
    The property is located at 219 Grimes St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: $410,000 asking price.; 1.58-acre commercial land parcel.; Located at 219 N Grimes Street, Hobbs, NM 88240.
    Request Owner's contact information
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    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
    219 Grimes St Hobbs, NM 88240
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