Property summary
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
VerifiedCap rate & NOI
Current use
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Engineering Consultant
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Big Box & Wholesale Store
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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