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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

400 Turner St Hobbs, NM 88240

4,400 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • James W Klipstine LLC Law Firm
  • Legacy Pipeline Inspection Division Oilfield Building Inspector
  • Top Pest Control Hobbs Garden Center
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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