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    OFF-MARKET
    Office Spaces

    1708 Dal Paso St, Hobbs, NM 88240

    Built 1997
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Halff Associates Inc Engineering Consultant
    • Hobbs Watermart Big Box & Wholesale Store
    • Premier Accounting Services LLC Accounting Firm Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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