Property profile

12915 Denver City Hwy Hobbs, NM 88242

OFF-MARKET
Warehouses
Property ID
US61-0314122
5 ac lot Built 2016
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Property summary

AI-generated overview

This exceptional 5-acre commercial property in Hobbs, New Mexico, presents a unique investment opportunity. Located at 12915 N Denver City Highway, 88242, this 2016-built property features a spacious 60x40 metal barn currently generating rental income from weddings, parties, and other events. The barn's versatile design includes a loft area accessible via stairs, complete with a balcony overlooking the stage area, ideal for live performances or DJ setups. Convenient amenities are in place for event attendees, including separate men's and women's restrooms, each with two stalls, and a dedicated storage area with a sink. The ample 5-acre lot provides extensive parking, ensuring comfortable accommodation for large gatherings. The property's rustic charm and functional layout make it a highly attractive venue for various events, offering strong potential for continued rental income and future growth. The property is zoned for commercial and warehouse use, providing flexibility for a variety of business ventures. This turnkey operation is ready for a new owner to continue its success or explore new possibilities. The property's location in Lea County, New Mexico, offers easy access to major transportation routes. The asking price for this remarkable property is $525,000.

Property profile

Verified
Property type Warehouses
Year built 2016
Lot 5 ac (217,800 SF)
UPID US61-0314122

Cap rate & NOI

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

Location

12915 Denver City Hwy Hobbs, NM 88242
Hobbs metro
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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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