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    118 Turner St Hobbs, NM 88240

    • Retail properties
    For Sale
    View listing
    $600,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • New Creation Apostolic Ministry / Apostolic Church
    • Bright House / Telecommunications Service Provider / Business Center
    • New Creation Apostolic Center Annex Building / School

    Property Details for 118 Turner St

    Property type
    Retail properties

    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
    -103.136
    Latitude
    32.7017

    Comparable in this City

    • Value Estimation by Request
      21,333 SF

      1701 Joe Harvey Blvd

      Restaurants • 21,333 SF
      1701 Joe Harvey Blvd, Hobbs, NM 88240
      View Details
    • Value Estimation by Request

      508 Dalmont St

      Retail properties
      508 Dalmont St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request
      5,000 SF

      311 Broadway St

      Retail properties • 5,000 SF
      311 Broadway St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request

      3420 Grimes St

      Retail properties
      3420 Grimes St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request

      109 Dal Paso St

      Distribution properties
      109 Dal Paso St, Hobbs, NM 88240
      View Details
    • Value Estimation by Request
      3,622 SF

      3619 County Rd

      Restaurants • 3,622 SF
      3619 County Rd, Hobbs, NM 88240
      View Details

    Similar Nearby for Sale

    • $225,000

      Hobbs Commercial Land & Building

      Prime Hobbs location, office & retail potential.
      508 Dalmont St, Hobbs, NM 88240
      View Details
    • $435,000
      5,000 SF

      Hobbs Retail Space - Prime Location

      Downtown Hobbs retail building, 5000 sq ft, high growth area.
      311 Broadway St, Hobbs, NM 88240
      View Details
    • $1,750,000
      1,752 SF

      1824 Joe Harvey Blvd

      Restaurants • 1,752 SF
      1824 Joe Harvey Blvd, Hobbs, NM 88240
      View Details
    • $600,000

      Hobbs Retail Space - Prime Location

      9000 sq ft Retail Building, Central Hobbs
      118 Turner St, Hobbs, NM 88240
      View Details
    • Contact for pricing
      1.21 Acres

      Hobbs, NM Prime Pad Site

      1.21-Acre Commercial Pad Site in Hobbs, NM
      0 Central Ave, Hobbs, NM 88240
      View Details
    • $530,000
      Pending

      Retail Property in Downtown Hobbs

      Turn-key retail rental property in Hobbs' downtown shopping district.
      203 W Broadway St, Hobbs, NM 88240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      195,584 SF

      Hobbs Retail Land Opportunity

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

      Hobbs, NM Commercial Warehouse

      High-traffic corner lot, versatile space.
      109 Dal Paso St, Hobbs, NM 88240
      View Details
    • $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
      View Details
    • 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
      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
    • Contact for pricing
      1,920 SF

      Retail Center on Main Corridor

      Retail space in growing Hobbs commercial corridor for lease.
      3900 N Lovington Hwy, Hobbs, NM 88240
      View Details
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    118 Turner 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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