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Property profile & analytics
OFF-MARKET
Specialty properties

2101 Bensing Dr Hobbs, NM 88240

Property ID
Property summary
AI-generated overview

This exceptional 3-acre property located at 2101 N Bensing Drive, Hobbs, NM 88240, presents a unique investment opportunity. The existing building, previously utilized as an assisted living facility, boasts 28 rooms and offers significant potential for redevelopment. Situated in Lea County, this special purpose property is priced at $275,000 and presents a compelling case for various commercial ventures. The spacious layout and existing infrastructure provide a solid foundation for a range of uses, including, but not limited to, a renovated assisted living facility, an apartment complex, or a similar business enterprise. The property's substantial size and versatile design allow for considerable flexibility in adapting it to meet the needs of a diverse range of commercial applications. The property's location in Hobbs, New Mexico, offers access to a thriving local market and provides ample opportunities for growth and expansion. Furthermore, owner financing is available, making this an even more attractive proposition for prospective buyers. This is a rare chance to acquire a substantial property with significant upside potential in a desirable location. The latitude and longitude coordinates are 32.723245, -103.1800622 respectively. Serious inquiries are encouraged.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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