400 Turner St Hobbs, NM 88240
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.