10576 Stiles Rd, Hobbs, NM 88242
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.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.