1120 County Rd Rd Hobbs, NM 88240
This exceptional 7.5-acre commercial property in Hobbs, New Mexico, presents a unique investment opportunity. The main building, totaling 4,500 square feet, features ten individual office spaces, each serviced by two multi-stall bathrooms. A spacious conference area boasts custom-built cabinetry offering ample storage, complemented by an integrated kitchen. Adding to the property's versatility is a heated and air-conditioned shop, ideal for various uses. The property also includes covered parking for twelve vehicles and additional storage areas. The property's expansive lot size and diverse features offer significant potential for a wide range of commercial enterprises. Located at 1120 NW County Road Road, Hobbs, NM 88240 (APN: 4000054890001), this single-tenant property is ready for immediate occupancy. The combination of office space, shop, and ample parking makes this a truly versatile and attractive commercial offering. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico market.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.