Property profile

1126 Grimes St Hobbs, NM 88240

OFF-MARKET
Land
Property ID
US61-0745741
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Property summary

AI-generated overview

This exceptional 275,000 dollar commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located at 1126 N Grimes Street, this property boasts a highly desirable location within Lea County, offering excellent visibility and accessibility. The land is classified as commercial, providing a versatile platform for a wide range of development projects. Its strategic positioning within Hobbs makes it an ideal site for businesses seeking to establish a strong presence in a dynamic market. The property's address is clearly defined as 1126 N Grimes Street, Hobbs, NM 88240, with precise geographic coordinates of 32.7120946 latitude and -103.144533 longitude. This readily available land presents a blank canvas for entrepreneurs and investors looking to capitalize on the growth potential of Hobbs. The asking price of $275,000 reflects the significant value and potential return on investment this property offers. Serious inquiries are encouraged to explore the possibilities and secure this prime commercial land parcel. The property is zoned for commercial use, providing flexibility for various development plans. Its location within Lea County offers access to a robust infrastructure and a supportive business environment. Don't miss this chance to acquire a valuable asset in a rapidly growing area.

Property profile

Verified
Property type Land
UPID US61-0745741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility

Location

1126 Grimes St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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