Property profile

401 Leech St Hobbs, NM 88240

OFF-MARKET
Warehouses
8,700 SF
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Property summary

AI-generated overview

This ±8,700 square foot warehouse, situated on a one-acre lot in Hobbs, NM, presents a remarkable opportunity for businesses seeking expansion or relocation. The property boasts a versatile open floor plan, easily adaptable to various industrial needs, including storage, manufacturing, or distribution. Six offices, a reception area, break room, and two restrooms provide ample space for administrative functions and employee comfort. Two overhead doors ensure efficient loading and unloading, while a fully fenced, stabilized caliche yard offers secure outdoor storage. The strategic location provides effortless access to major highways and transportation routes, optimizing logistics and client accessibility. Ample off-street parking is also available. This property is ideally located just north of Highway 62/180 (Marland Boulevard), offering excellent visibility and convenient access to the city's infrastructure. The combination of size, features, and location makes this warehouse an exceptional investment for any growing enterprise.

Property profile

Verified
Property type Warehouses
Total area 8,700 SF

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
  • Restaurant

Location

401 Leech St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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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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