Property profile

2621 Marland Blvd Hobbs, NM 88240

OFF-MARKET
Commercial real estate
8,500 SF 8 ac lot
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Property summary

AI-generated overview

This exceptional 8-acre industrial property in Hobbs, New Mexico, presents a significant investment opportunity. The main building encompasses 8,500 square feet, strategically divided to include approximately 1,000 square feet of well-appointed office space. The remaining warehouse area offers substantial space, characterized by high ceilings, ideal for a variety of industrial uses including, but not limited to, manufacturing, distribution, or storage. Two 5-ton cranes are included within the warehouse space, enhancing operational capabilities. The property's expansive outdoor area provides ample parking, additional storage options, and significant room for future expansion. Its strategic location ensures excellent access to major roadways, streamlining transportation and logistics. The combination of substantial warehouse space, functional office areas, and generous outdoor space makes this property exceptionally well-suited for businesses seeking to expand or relocate their operations. The property's prime location and versatile design offer significant potential for a wide range of industrial applications, making it an attractive investment in a thriving New Mexico market. The asking price is $995,000.

Property profile

Verified
Property type Commercial real estate
Total area 8,500 SF
Lot 8 ac (348,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2621 Marland Blvd Hobbs, NM 88240
Hobbs metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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