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    109 Dal Paso St Hobbs, NM 88240

    For Lease
    Contact for pricing

    High-traffic corner lot, versatile space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property at 109 N Dal Paso Street in Hobbs, New Mexico, presents a unique investment opportunity. The 3348 square foot building sits on a high-traffic corner lot, offering excellent visibility and accessibility. The property's versatile layout combines retail and warehouse space, making it suitable for a variety of businesses. The front portion features a retail shop area with counters and office space, ideal for customer interaction and administrative functions. The rear of the building offers a surprisingly spacious living area, complete with two bedrooms, one bathroom, a laundry room, kitchen, and a cozy fireplace. An added bonus is the private outside patio, providing a tranquil outdoor space. The property also includes gated parking for added security and multiple overhead doors for convenient loading and unloading of goods, along with ample storage space. The property is designated as Commercial and Warehouse, with a single tenant occupancy and is located in the 88240 zip code. The APN is 4000118270001. This property is a rare blend of commercial and residential features, offering significant potential for a wide range of uses. Its prime location and versatile design make it an attractive option for both established businesses and entrepreneurs seeking a unique space.

    Property Features for 109 Dal Paso St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 109 N Dal Paso St, Hobbs, NM 88240; 3,348 SF commercial building on a high‑traffic corner lot.
    • Versatile layout combining retail space with warehouse features, including multiple overhead doors and ample storage.
    • Includes a separate residential area with two bedrooms, one bath, kitchen, and patio.
    • Gated parking and excellent visibility.
    • APN: 4000118270001.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -103.1277688
    Latitude
    32.70148

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    FAQs

    What type of property is this?
    Distribution property - High-traffic corner lot, versatile space.
    Where is this distribution property located?
    The property is located at 109 Dal Paso St Hobbs, NM.
    What are key features of this property?
    This property features: 109 N Dal Paso St, Hobbs, NM 88240; 3,348 SF commercial building on a high-traffic corner lot.; Versatile layout combining retail space with warehouse features, including multiple overhead doors and ample storage.; Includes a separate residential area with two bedrooms, one bath, kitchen, and patio.
    Request Owner's contact information
    109 Dal Paso St Hobbs, NM 88240
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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
    109 Dal Paso St Hobbs, NM 88240
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