3420 Grimes St, Hobbs, NM 88240
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.
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Sarah Mackay Real Estate Real Estate Agency
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Bloom Plaza Clothing & Fashion Store
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Bloom A Merle Norman Studio Clothing & Fashion Store
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Darling Nails and Spa Nail Salon
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Rivas Real Estate Team Real Estate Agency
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.