Property profile

1219 Nadine Rd Hobbs, NM 88240

OFF-MARKET
Warehouses
10 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 10-acre commercial warehouse property presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located at 1219 E Nadine Road, Lea County, zip code 88240 (32.6224871, -103.121542), this expansive lot offers significant potential for various industrial and commercial uses. The property boasts a prime location within Hobbs, providing easy access to major transportation routes and essential infrastructure. Constructed in 2024, this newly built warehouse is ready for immediate occupancy or development, eliminating the need for extensive renovations or construction delays. The asking price for this substantial land parcel is $550,000. The property's classification includes both commercial and warehouse designations, making it suitable for a wide range of businesses. Its substantial size provides ample space for warehousing, distribution, manufacturing, or other large-scale operations. The property's strategic location in Hobbs, NM, offers access to a growing market and a strong local economy. This is an ideal opportunity for investors seeking a high-return investment in a rapidly developing area. The property's new construction status ensures modern amenities and efficient design, minimizing operational costs and maximizing productivity. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile

Verified
Property type Warehouses
Year built 2024
Lot 10 ac (435,600 SF)

Cap rate & NOI

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

Location

1219 Nadine Rd Hobbs, NM 88240
Hobbs metro
Google Maps

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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