1708 Dal Paso St, Hobbs, NM 88240
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.
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Halff Associates Inc Engineering Consultant
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Hobbs Watermart Big Box & Wholesale Store
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Premier Accounting Services LLC Accounting Firm Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.