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    OFF-MARKET
    Retail properties & Spaces

    3420 Grimes St, Hobbs, NM 88240

    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 3420 N Grimes Street in North Hobbs, presents a unique opportunity for a single-tenant business. The property is designated as land suitable for office or retail use, offering a total area of 1,625 square feet. The site is characterized by its high-traffic location, making it ideal for businesses seeking maximum visibility and accessibility. Given the flexible zoning, this location is well-suited for a variety of commercial ventures, providing a blank canvas for entrepreneurs to establish a new business or relocate an existing one. The property's single-tenant occupancy ensures exclusive use and control, eliminating the complexities of multi-tenant management. The absence of existing buildings allows for complete customization and design flexibility, enabling the creation of a space perfectly tailored to specific business needs. This presents a rare chance to secure a prime commercial location in a thriving North Hobbs area, offering significant potential for growth and success. The property's Assessed Parcel Number (APN) is 4000414960001. Interested parties are encouraged to inquire further for lease details. The property is zoned for commercial use.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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
    • Sarah Mackay Real Estate Real Estate Agency
    • Bloom Plaza Clothing & Fashion Store
    • Bloom A Merle Norman Studio Clothing & Fashion Store
    • Darling Nails and Spa Nail Salon
    • Rivas Real Estate Team Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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