Property profile

414 Taylor St Hobbs, NM 88240

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This exceptional commercial property, located at 414 W Taylor Street in Hobbs, New Mexico, presents a unique investment opportunity. The property consists of a 21,780 square foot lot (APN: 4000151540001) and is currently improved with a single-tenant office building of 4,000 square feet. The property's classification is Land and Office, suitable for a variety of commercial uses. Its single-tenant occupancy offers stability and potential for future growth. Situated in Hobbs, NM, zip code 88240, this location benefits from excellent accessibility and visibility. The property's size and zoning make it ideal for expansion or redevelopment, catering to a range of business needs. The property's strategic location within Hobbs offers easy access to major transportation routes and a thriving local economy. This presents a compelling opportunity for investors seeking a stable, single-tenant property with significant upside potential. The property's existing structure provides immediate income generation, while the ample land offers flexibility for future development or expansion. Detailed information on zoning and permitted uses is available upon request. This is a rare opportunity to acquire a well-located commercial property in a growing market.

Property profile

Verified
Property type Office Spaces

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
  • Sustainability Organization
  • Public Health Department
  • Building Supply

Location

414 Taylor St Hobbs, NM 88240
Hobbs metro
Google Maps

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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