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    Property profile & analytics

    219 Grimes St Hobbs, NM 88240

    • Commercial real estate
    • 1.58 lot acres
    For Sale
    View listing
    $410,000
    Value Estimation
    Location Intelligence
    Property ID
    US61-0500329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 219 Grimes St

    Year built
    2007
    Lot size
    1.58 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.58-acre commercial land parcel is located at 219 N Grimes Street in Hobbs, New Mexico, within Lea County, and boasts a prime location for various commercial ventures. The property, built in 2007, presents a blank canvas for developers and entrepreneurs seeking to establish a new business or expand existing operations. Its generous size offers ample space for construction of a substantial building, allowing for flexibility in design and functionality. The address, 219 N Grimes Street, 88240, provides excellent visibility and accessibility, ensuring high traffic and potential customer reach. The property's location in Hobbs, NM, offers access to a thriving local economy and a growing population. This presents a unique opportunity to capitalize on the area's commercial growth potential. The asking price for this exceptional property is $410,000. Serious inquiries are encouraged to explore the possibilities this land offers. The property's coordinates are 32.7030308 latitude and -103.1452235 longitude. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1452235
    Latitude
    32.7030308

    Comparable in this City

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    • $653,400
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      Hobbs, NM Commercial Land Opportunity

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    • $2,409,302
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      Hobbs, NM Commercial Land Tract

      12.87 Acres, Prime Commercial Location
      0 Side, Hobbs, NM 88240
      View Details

    Similar Nearby for Sale

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      Hobbs Land: Navajo Drive Opportunity

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    • $200,000
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      Hobbs, NM Land - 2.156 Acres

      Prime Lea County development opportunity.
      0 Tbd Pearl Dr Dr, Arkansas Junction, NM 88240
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    • $440,000

      608 S Commerce Street

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      1.21 Acres

      Hobbs, NM Prime Pad Site

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    Similar Nearby for Lease

    • Contact for pricing
      195,584 SF

      Hobbs Retail Land Opportunity

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      High-traffic corner lot, versatile space.
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    • $7 SF/Yr
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      Retail Space in Bel Aire Center

      28,000 SF available in established Hobbs shopping center.
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      1,600 SF

      Hobbs, NM Office Space for Lease

      Prime Hobbs office space, multiple suites available.
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      2,513 SF

      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
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      1,920 SF

      Retail Center on Main Corridor

      Retail space in growing Hobbs commercial corridor for lease.
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      View Details
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    219 Grimes St
    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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