0 Grimes St, Hobbs, NM 88240
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.
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.