Property profile

1701 Joe Harvey Blvd Hobbs, NM 88240

FOR LEASE
Retail properties & Spaces
Property ID
US61-0890718
21,333 SF
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Property summary

AI-generated overview

This exceptional commercial property, known as "The Point - Hobbs," offers 6,329 square feet of immediately available space within a larger 21,333 square foot building located at 1701 Joe Harvey Blvd, Hobbs, NM 88240. The building is situated in Lea County and boasts a prime location with high traffic volume, surrounded by established national retailers and restaurants, presenting significant business opportunities. The property is categorized as Retail, Office, and Restaurant space, with the available space specifically suited for Traditional Office, Creative Office, or Coworking uses. The building comprises a total of six suites, with the available space representing the largest contiguous area currently vacant. This flexible space is ideal for businesses seeking a prominent location in a thriving commercial area. The property's strategic placement ensures high visibility and accessibility for clients and employees alike. The 6,329 square feet offers a significant opportunity for businesses of various sizes to establish a strong presence in Hobbs, New Mexico.

Property profile

Verified
Property type Retail properties & Spaces
Total area 21,333 SF
UPID US61-0890718

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
  • Clothing Store Fashion Accessories Store
  • Restaurant
  • Military Recruiting Office
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Mobile Phone Store Electronics & Wireless Store

Location

1701 Joe Harvey Blvd 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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