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    Warehouses

    401 Leech St, Hobbs, NM 88240

    Property ID
    Property summary
    AI-generated overview

    This 8,400 square foot warehouse in Hobbs, New Mexico, presents a compelling investment opportunity. Situated on a 31,363.2 square foot lot (APN 4000201625001), this single-tenant industrial property offers ample space for diverse commercial uses, including storage, manufacturing, or distribution. Its strategic location provides easy access to major transportation routes, streamlining logistics and enhancing accessibility for clients. The warehouse boasts a flexible layout adaptable to various business needs and includes a fenced, stabilized caliche yard for secure storage of inventory and assets. This property is ideal for businesses seeking to establish a new base of operations or expand their existing footprint. The property's versatility and prime location in Hobbs, NM (zip code 88240) make it a highly attractive option for a wide range of commercial enterprises. This is a single-tenant property with no additional building suites. Don't miss this chance to acquire a well-situated and adaptable warehouse in a thriving New Mexico market.

    Property profile
    Verified
    Property type Warehouses
    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
    Current use
    Occupant on record · Public records
    • Ricos Tacos y Burritos, inc. Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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