Property summary
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
VerifiedCap rate & NOI
Current use
-
Law Firm
-
Oilfield Building Inspector
-
Garden Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight