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3420 Grimes St Hobbs, NM 88240

OFF-MARKET Retail properties & Spaces Google Maps
Estimated value
No estimation on file for this property yet.
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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Clothing & Fashion Store
  • Clothing & Fashion Store
  • Nail Salon
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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