Property profile

2621 Marland Blvd Hobbs, NM 88240

OFF-MARKET
Warehouses
8 ac lot
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Property summary

AI-generated overview

This exceptional 8-acre industrial property in Hobbs, New Mexico, presents a compelling investment opportunity. Located at 2621 W Marland Boulevard, Lea County, zip code 88240, the property encompasses a substantial 8,500-square-foot main building. Approximately 1,000 square feet of this space is dedicated to well-appointed office areas, ideal for administrative functions. The remaining warehouse space offers high ceilings and significant versatility, suitable for a range of industrial uses including manufacturing, distribution, or storage. Two 5-ton cranes are included within the warehouse. The property's expansive outdoor area provides ample parking and storage, along with significant room for future expansion. Its strategic location ensures excellent access to major roadways, facilitating efficient transportation and logistics. The property is priced at $995,000 and represents a significant potential for businesses seeking to expand or establish operations in a prime New Mexico location. This is a rare opportunity to acquire a substantial industrial property with significant potential for growth and development. The property's combination of warehouse space, office space, and ample outdoor area makes it an ideal choice for a variety of industrial businesses. The location in Hobbs, NM offers easy access to major transportation routes, making it a strategic location for distribution and logistics operations.

Property profile

Verified
Property type Warehouses
Lot 8 ac (348,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2621 Marland Blvd Hobbs, NM 88240
Hobbs metro
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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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