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    FOR SALE
    Distribution centers

    12915 N Denver City Hwy, Hobbs, NM 88242

    5 ac lot Built 2016
    Property ID
    US61-0314122
    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 Distribution centers
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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