Property profile

10576 Stiles Rd Hobbs, NM 88242

OFF-MARKET
Commercial real estate
Property ID
US61-0793583
5,000 SF 5 ac lot Built 2003
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 10576 W Stiles Road in Hobbs, New Mexico, presents a compelling investment opportunity. The property encompasses five acres of land and features a substantial 5,000 square foot shop, constructed in 2003. Currently utilized as a mechanic repair shop, the property's versatile design offers significant potential for a wide range of commercial ventures. Its prime location directly off Lovington Highway ensures high visibility and excellent accessibility, maximizing exposure to potential customers. The property is fully enclosed by a durable metal fence, providing security and privacy. Adding to its income-generating potential, the property includes two existing billboard signs, offering additional revenue streams. The shop's spacious layout and convenient location make it an ideal choice for businesses seeking a well-established and highly visible presence in the thriving Hobbs market. This turnkey operation is ready for immediate occupancy and presents a rare opportunity to acquire a significant commercial property in a desirable location. The asking price is $325,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Year built 2003
Total area 5,000 SF
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

Location

10576 Stiles Rd Hobbs, NM 88242
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10576 Stiles Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message