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    1606 E Nadine Rd, Hobbs, NM 88240 Hobbs, NM 88240

    • Industrial properties
    For Lease
    View listing
    $25 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1606 E Nadine Rd, Hobbs, NM 88240

    Year built
    2010
    Property type
    Industrial properties

    Description

    SUBLEASE HIGHLIGHTS Shop w/ (2) 14' tall Drive in Doors 4.50 Acres w/ Fenced Yard Office: 1,300 SF w/ (4) Offices Ideal oilfield services satellite facility with (4) private offices and shop with (2) drive-in OH doors on 4.50 Acres. The property includes a fenced and rocked yard, and is located just south of Hobbs, approx. 3.50 miles south of S. Bypass. The site is 0.5 miles east of South Eunice Hwy / NM-18 across from RanchView RV park. Contact John Jinks (512) 791-7329 or local Co-Broker Donnie Roberts, Realtors LLC / Donnie Roberts, New Mexico Broker: D: (940) 399-0983, [email protected].

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    State
    New Mexico
    Longitude
    -103.1177633
    Latitude
    32.6242753

    Comparable in this City

    • Value Estimation by Request

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      5210 Dunnam St

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      5514 Carlsbad Hwy

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      821 Grimes St

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      109 Dal Paso St

      Distribution properties
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    Similar Nearby for Lease

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      Hobbs, NM Commercial Warehouse

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      Retail Space in Hobbs, NM

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      Retail Space in Bel Aire Center

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      Retail Center on Main Corridor

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    Realmo Value Estimation

    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.

    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.

    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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