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    OFF-MARKET
    Commercial real estate

    10576 Stiles Rd, Hobbs, NM 88242

    5 ac lot Built 2003
    Property ID
    US61-0793583
    Property summary
    AI-generated overview

    This exceptional 5-acre commercial property in Hobbs, New Mexico, presents a compelling investment opportunity. Located at 10576 W Stiles Road, this strategically positioned land boasts excellent frontage on Lovington Highway, ensuring high visibility for any business. The property includes a substantial 5,000 square foot shop building constructed in 2003, currently utilized as a mechanic repair shop. This versatile space offers significant potential for a variety of commercial uses. The entire property is fully enclosed by a durable metal fence, enhancing security and privacy. Adding to its income potential, the property features two existing billboard signs, providing an additional revenue stream. The property's location in Lea County, New Mexico, zip code 88242, offers easy access to major transportation routes and a thriving local economy. With its prime location, existing infrastructure, and multiple income streams, this property is an ideal investment for entrepreneurs and savvy investors seeking a high-return opportunity in a growing market. The asking price is $325,000. Coordinates: 32.8571907, -103.2738107.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2003
    Lot 5 ac (217,800 SF)
    UPID US61-0793583
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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