Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.