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    OFF-MARKET
    Warehouses

    1219 Nadine Rd, Hobbs, NM 88240

    10 ac lot Built 2024
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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