Property profile

400 Turner St Hobbs, NM 88240

OFF-MARKET
Retail properties & Spaces
4,400 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This ±4,400 square foot free-standing building in Hobbs, New Mexico, presents a compelling investment opportunity. Previously utilized as a restaurant, this single-tenant property at 400 N Turner St, zip code 88240, offers exceptional versatility for a range of commercial ventures. Its adaptable layout makes it suitable for retail businesses, office spaces, or other commercial uses. The building boasts ample paved parking, ensuring convenient access for customers and employees. Its central location in Hobbs provides high visibility and easy accessibility, contributing to its strong potential for success. The property's strategic positioning within the New Mexico submarket further enhances its appeal. Detailed building plans are available upon acceptance of an offer, providing a comprehensive blueprint for potential renovations or customizations to perfectly align with the buyer's specific business requirements. This is a prime chance to acquire a well-situated property and tailor it to meet the needs of your commercial enterprise. The property is located at 32.7041746 latitude and -103.1358765 longitude.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,400 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
  • Law Firm
  • Oilfield Building Inspector
  • Garden Center

Location

400 Turner St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 400 Turner St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message