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OFF-MARKET
Specialty properties

2714 Dal Paso St Hobbs, NM 88240

2.1 ac lot Built 1975
Property ID
Property summary
AI-generated overview

This exceptional 2.1-acre property at 2714 N Dal Paso Street in Hobbs, New Mexico, presents a unique investment opportunity. Built in 1975, this special-purpose building currently serves as a well-established worship facility, boasting a striking architectural design with a prominent cathedral peak that ensures high visibility from the road. The functional layout includes a welcoming greeting area, a dedicated prayer room, a service counter conveniently located off the lobby, a baptistery situated behind the altar, and a fully equipped media booth. A substantial multi-function building at the rear of the property features a large event room seamlessly connected to a spacious service kitchen, ideal for gatherings and community events. The property also includes several offices and numerous classrooms suitable for bible studies, classes, and youth-focused activities, complete with dedicated entertainment areas. Ample parking is provided by a blacktop lot encircling the main building, supplemented by an overflow parking area to the north, and a carport for church vehicles. The property's strategic location offers excellent exposure and is situated next to a separately available commercial property with significant development potential. Offered at $950,000, this property presents a rare chance to acquire a well-maintained, versatile building in a desirable Hobbs location. The property's unique features and expansive space make it suitable for a variety of uses, presenting a compelling investment opportunity for discerning buyers. The zip code is 88240.

Property profile
Verified
Property type Specialty properties
Year built 1975
Lot 2.1 ac (91,476 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
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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