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    OFF-MARKET
    Land

    0 Grimes St, Hobbs, NM 88240

    5.06 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.063-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located on TBD N Grimes Street, this property boasts a highly desirable location with excellent visibility and high traffic counts, making it ideal for a wide range of commercial developments. The expansive lot size offers ample space for construction of a large-scale commercial building, or the potential for subdivision into smaller lots for multiple businesses. Situated in Lea County, with a zip code of 88240, this property benefits from convenient access to major transportation routes and a robust local economy. The asking price for this prime commercial land is $390,000. Given its size, location, and high visibility, this property represents a significant opportunity for investors seeking to capitalize on the growing commercial sector in Hobbs. The property's coordinates are 32.7481037 latitude and -103.1449192 longitude, allowing for easy location verification and site planning. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering. This is a rare opportunity to acquire a substantial tract of land in a prime commercial location within a dynamic and growing market. Don't miss out on this chance to secure a valuable asset in a thriving New Mexico community.

    Property profile
    Verified
    Property type Land
    Lot 5.06 ac (220,544 SF)
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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