12915 N Denver City Hwy, Hobbs, NM 88242
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.