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    608 Commerce St Arkansas Junction, NM 88240

    • Warehouses
    For Sale
    View listing
    $440,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 608 Commerce St

    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arkansas Junction
    County
    Lea
    State
    New Mexico
    Longitude
    -103.405
    Latitude
    32.6703

    Comparable in this City

    • Value Estimation by Request

      806 Main St

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      313 Magnum Industrial Rd

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      313 Magnum Industrial Rd, Hobbs, NM 88240
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      109 Dal Paso St

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      109 Dal Paso St, Hobbs, NM 88240
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      821 Grimes St

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      821 Grimes St, Hobbs, NM 88240
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    • Value Estimation by Request
      8.00 Acres

      2621 Marland Blvd

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      2621 Marland Blvd, Hobbs, NM 88240
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    • Value Estimation by Request

      3800 Carlsbad Hwy

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      3800 Carlsbad Hwy, Hobbs, NM 88240
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    Similar Nearby for Sale

    • $440,000

      608 S Commerce Street

      Distribution properties
      608 Commerce St, Arkansas Junction, NM 88240
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    • $1,650,000

      Hobbs, NM Warehouse - $1.65M

      Prime Lea County industrial property; ideal for oilfield or trucking.
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    • $550,000

      Hobbs, NM Commercial Warehouse

      0.48-Acre Shop with Four Bays - $550K
      806 Main St, Hobbs, NM 88240
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    • $465,000

      Hobbs Warehouse: Prime Location

      .87-acre industrial warehouse, high visibility.
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    • $225,000

      Hobbs Commercial Land & Building

      Prime Hobbs location, office & retail potential.
      508 Dalmont St, Hobbs, NM 88240
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    • $5,868,838
      29.94 Acres

      Prime Lea County Commercial Land

      29.94 Acres, $5.8M Asking Price
      0 Tbd Lovington Hobbs, Arkansas Junction, NM 88240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hobbs, NM Commercial Warehouse

      High-traffic corner lot, versatile space.
      109 Dal Paso St, Hobbs, NM 88240
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    • Contact for pricing
      195,584 SF

      Hobbs Retail Land Opportunity

      Prime Lea County location, build-to-suit options.
      4100 Lovington Hwy, Hobbs, NM 88240
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    • Contact for pricing
      1,600 SF

      Hobbs, NM Office Space for Lease

      Prime Hobbs office space, multiple suites available.
      3601 Grimes St, Hobbs, NM 88240
      View Details
    • Contact for pricing
      21,333 SF

      Hobbs Office Space: 6,329 SF Available

      Prime Hobbs location, flexible office space. High traffic, near major retailers.
      1701 Joe Harvey Blvd, Hobbs, NM 88240
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    • $7 SF/Yr
      28,000 SF

      Retail Space in Bel Aire Center

      28,000 SF available in established Hobbs shopping center.
      931 E Bender Blvd, Hobbs, NM 88240
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    • Contact for pricing
      2,513 SF

      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
      3920 N Lovington Hwy, Hobbs, NM 88240
      View Details
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    608 Commerce St
    Arkansas Junction, 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
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