Property profile

205 Marland Blvd Hobbs, NM 88240

OFF-MARKET
Commercial real estate
2,054 SF 0.5 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional commercial property, located at 205 W Marland Boulevard in Hobbs, New Mexico, presents a compelling investment opportunity. The building encompasses a substantial 2,054 square feet of versatile commercial space, situated on a generous half-acre lot. This sizable lot offers ample room for expansion, additional parking, or outdoor amenities, depending on the future use of the property. The property's prime location in Hobbs ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The building itself is ready for immediate occupancy or can be customized to suit specific business needs. Its robust construction and functional layout provide a solid foundation for a thriving enterprise. The asking price of $489,000 reflects the property's significant value and potential for strong returns. Given the desirable location and the substantial size of both the building and the lot, this property is poised for success and represents a rare opportunity in the competitive Hobbs commercial real estate market. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed property information and specifications are available upon request.

Property profile

Verified
Property type Commercial real estate
Year built 1950
Total area 2,054 SF
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

205 Marland Blvd 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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