Property profile

1708 Dal Paso St Hobbs, NM 88240

OFF-MARKET
Office Spaces
Built 1997
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Property summary

AI-generated overview

This exceptional commercial property, located at 1708 N Dal Paso Street in Hobbs, New Mexico, presents a unique investment opportunity. The land, totaling an unspecified acreage (information not provided), is zoned for commercial use and offers significant potential for development. The property's address is conveniently situated within Lea County, in the vibrant city of Hobbs, NM, zip code 88240. Built in 1997, the existing structures on the land are classified as office space, although the specific details regarding square footage, building condition, and number of units are not available in the provided information. The asking price for this property is $99,000, making it an attractive proposition for investors seeking a foothold in the thriving Hobbs commercial market. The property's latitude and longitude coordinates are 32.7190966 and -103.1267779 respectively, allowing for easy location verification and mapping. Given its commercial zoning and existing office space, this land parcel is ideal for a variety of uses, including expansion of existing businesses, construction of new commercial buildings, or redevelopment of the existing structures. Further due diligence is recommended to fully assess the property's potential and suitability for specific development plans. This is a rare opportunity to acquire a well-located commercial property in a growing New Mexico market at an attractive price point.

Property profile

Verified
Property type Office Spaces
Year built 1997

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
  • Engineering Consultant
  • Big Box & Wholesale Store
  • Accounting Firm Tax Preparation

Location

1708 Dal Paso 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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