Property profile

110 Broadway St Hobbs, NM 88240

OFF-MARKET
Land
Built 1985
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Property summary

AI-generated overview

This exceptional 15,750 square foot commercial land parcel, located at 110 E Broadway Street in the heart of Downtown Hobbs, New Mexico, presents a unique investment opportunity. Built in 1985, the property offers a versatile canvas for a variety of commercial ventures. While currently featuring an existing structure with an open concept office, a custom-built walk-in humidor, three spacious suites each equipped with individual office spaces and conference rooms, a second-floor open concept area, and ample storage, the property's true potential lies in its adaptability. The existing building also includes a custom apartment living space, complete with two bedrooms, one bathroom, a large walk-in closet, an upstairs kitchen, and a living area. This presents an additional income stream or the possibility for owner-occupancy. Situated in Lea County, with a zip code of 88240, this property boasts a highly visible location in a thriving downtown area, offering excellent accessibility and exposure. The expansive lot size provides ample space for expansion, redevelopment, or the construction of a new commercial building entirely tailored to your specific needs. This property is a rare find and represents a significant opportunity for investors and entrepreneurs alike.

Property profile

Verified
Property type Land
Year built 1985

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
  • Gym & Fitness Center
  • Law Firm

Location

110 Broadway 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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