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Property profile & analytics
OFF-MARKET
Specialty properties

6801 Nm Hwy Hobbs, NM 88240

Built 1955
Property ID
Property summary
AI-generated overview

This unique 1.12-acre property in Hobbs, New Mexico, presents a compelling investment opportunity. Located at 6801 S Nm Highway 8, this special-purpose property boasts a diverse range of features ideal for a variety of uses. The main structure, a roughly 30 x 40 foot building, previously served as a grocery store, offering significant potential for redevelopment or repurposing. The property also includes fourteen lots, providing ample space for expansion or additional development. Adding to its versatility, the site includes hookups for two mobile homes, catering to residential needs or temporary housing for workers. A large workshop is also present, providing valuable storage or workspace. Built in 1955, this property offers a blend of established infrastructure and significant development potential. The asking price is $195,000. This property is situated in Lea County, New Mexico, with convenient access to Hobbs and its surrounding areas. Its size and existing structures make it suitable for a range of commercial or residential ventures, offering a unique opportunity for investors seeking a flexible and adaptable property. The property's location and existing infrastructure provide a solid foundation for future growth and development. This is a rare opportunity to acquire a substantial property with significant potential in a growing area.

Property profile
Verified
Property type Specialty properties
Year built 1955
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
AI Approach AI
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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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