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    OFF-MARKET
    Commercial real estate

    108 Willow St, Hobbs, NM 88240

    Built 1980
    Property ID
    US61-0626680
    Property summary
    AI-generated overview

    This exceptional 15,000 square foot commercial property located at 108 S Willow in Hobbs, New Mexico, is offered for sale at $1,500,000. The land, built in 1980, presents a unique investment opportunity. Currently housing a thriving radio station, the sale includes all broadcasting equipment, two vans, and a transmitter, along with a valuable broadcasting license boasting a 100,000-watt capacity. The radio station itself has a rich history of over 32 years, establishing strong relationships with local advertisers and listeners. It's a well-known source of music, local news, weather, and entertainment within the community. This turnkey operation provides immediate access to a successful business, allowing new owners to build upon its existing success and implement their own vision. The sale includes everything needed to continue operations seamlessly. This is a rare opportunity to acquire a profitable business and valuable commercial real estate in a desirable location. The property is situated in Lea County, New Mexico, with a zip code of 88240. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1980
    UPID US61-0626680
    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
    Current use
    Occupant on record · Public records
    • Klma Radio Station Telecommunications Service
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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