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    12915 Denver City Hwy Hobbs, NM 88242

    • Distribution centers
    • 5.00 lot acres
    For Sale
    View listing
    $525,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0314122
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distribution centers

    Property Details for 12915 Denver City Hwy

    Year built
    2016
    Lot size
    5.00 lot acres
    Property type
    Distribution centers

    Description

    This exceptional 5-acre commercial property in Hobbs, New Mexico, presents a unique investment opportunity. Located at 12915 N Denver City Highway, 88242, this 2016-built property features a spacious 60x40 metal barn currently generating rental income from weddings, parties, and other events. The barn's versatile design includes a loft area accessible via stairs, complete with a balcony overlooking the stage area, ideal for live performances or DJ setups. Convenient amenities are in place for event attendees, including separate men's and women's restrooms, each with two stalls, and a dedicated storage area with a sink. The ample 5-acre lot provides extensive parking, ensuring comfortable accommodation for large gatherings. The property's rustic charm and functional layout make it a highly attractive venue for various events, offering strong potential for continued rental income and future growth. The property is zoned for commercial and warehouse use, providing flexibility for a variety of business ventures. This turnkey operation is ready for a new owner to continue its success or explore new possibilities. The property's location in Lea County, New Mexico, offers easy access to major transportation routes. The asking price for this remarkable property is $525,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.129471
    Latitude
    32.8473546

    Comparable in this City

    • $350,000
      6.85 Acres

      Hobbs Commercial Land - 6.85 Acres

      Prime Commercial Land, Hobbs, NM
      0 Lovington Hwy, Hobbs, NM 88242
      View Details
    • $175,000
      5.08 Acres

      TBD Buena Suerte Drive

      Land • 5.08 Acres
      0 Tbd Buena Suerte Dr, Hobbs, NM 88242
      View Details
    • $230,000
      11.02 Acres

      Hobbs, NM Land Available

      11.02 acres of commercial land for sale in Hobbs.
      141270 N Knowles Rd, Hobbs, NM 88242
      View Details
    • $199,500
      18.88 Acres

      Hobbs, NM Land For Sale

      18.88 acres of land suitable for residential or commercial use.
      516 E Pinson Rd, Hobbs, NM 88242
      View Details
    • $525,000
      5.00 Acres

      Hobbs Event Venue - 5 Acres

      Rustic barn, event rental, ample parking.
      12915 Denver City Hwy, Hobbs, NM 88242
      View Details
    • $325,000
      5,000 SF

      Hobbs Commercial Shop & Land

      Five-acre lot, 5,000 sq ft shop, high visibility.
      10576 Stiles Rd, Hobbs, NM 88242
      View Details

    Similar Nearby for Sale

    • $350,000
      6.85 Acres

      Hobbs Commercial Land - 6.85 Acres

      Prime Commercial Land, Hobbs, NM
      0 Lovington Hwy, Hobbs, NM 88242
      View Details
    • $175,000
      5.08 Acres

      TBD Buena Suerte Drive

      Land • 5.08 Acres
      0 Tbd Buena Suerte Dr, Hobbs, NM 88242
      View Details
    • $230,000
      11.02 Acres

      Hobbs, NM Land Available

      11.02 acres of commercial land for sale in Hobbs.
      141270 N Knowles Rd, Hobbs, NM 88242
      View Details
    • $199,500
      18.88 Acres

      Hobbs, NM Land For Sale

      18.88 acres of land suitable for residential or commercial use.
      516 E Pinson Rd, Hobbs, NM 88242
      View Details
    • $525,000
      5.00 Acres

      Hobbs Event Venue - 5 Acres

      Rustic barn, event rental, ample parking.
      12915 Denver City Hwy, Hobbs, NM 88242
      View Details
    • $325,000
      5,000 SF

      Hobbs Commercial Shop & Land

      Five-acre lot, 5,000 sq ft shop, high visibility.
      10576 Stiles Rd, Hobbs, NM 88242
      View Details
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    Hobbs, NM 88242
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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