Property profile

401 Leech St Hobbs, NM 88240

OFF-MARKET
Warehouses
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

401 Leech St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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