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    203/207 Clinton St Hobbs, NM 88240

    • Specialty properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 203/207 Clinton St

    Year built
    1950
    Property type
    Specialty properties

    Description

    This exceptional investment opportunity presents a fully leased four-unit multi-family property located at 203/207 W Clinton Street, Hobbs, New Mexico, 88240. The property, built in 1950, sits on a substantial 15,680 square foot lot. Currently generating consistent income, all four units are occupied by established tenants under existing leases, providing a turnkey investment experience for the new owner. This presents a stable and reliable cash flow stream from day one. The property's location in Hobbs, Lea County, New Mexico, offers a desirable setting for tenants. The asking price for this prime investment is $270,000. This multi-family property represents a strong addition to any investor's portfolio, offering immediate returns and long-term potential. The property's solid construction and consistent occupancy history make it an attractive option for those seeking a low-maintenance, high-yield investment. The property is classified as Special Purpose.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.138
    Latitude
    32.7069

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    203/207 Clinton 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
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