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    Property profile & analytics

    1701 Joe Harvey Blvd Hobbs, NM 88240

    • Coworking space
    • 21,333 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US61-0890718
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • rue21 / Clothing Store / Fashion Accessories Store
    • Papa Johns Pizza / Pizza Restaurant
    • Marine Recruiting Office / Military Recruiting Office
    • Hibbett Sports / Clothing Store / Fashion Accessories Store
    • Cricket Wireless Authorized Retailer / Cell Phone Store

    Property Details for 1701 Joe Harvey Blvd

    Property size
    21,333 SF
    Property type
    Coworking space
    Property subtype
    Office space

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1570081
    Latitude
    32.7412065

    Comparable in this City

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      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
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      28,000 SF

      Retail Space in Bel Aire Center

      28,000 SF available in established Hobbs shopping center.
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      Hobbs Retail Land Opportunity

      Prime Lea County location, build-to-suit options.
      4100 Lovington Hwy, Hobbs, NM 88240
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      1,920 SF

      Retail Center on Main Corridor

      Retail space in growing Hobbs commercial corridor for lease.
      3900 N Lovington Hwy, Hobbs, NM 88240
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      Hobbs, NM Commercial Warehouse

      High-traffic corner lot, versatile space.
      109 Dal Paso St, Hobbs, NM 88240
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    Similar Nearby for Sale

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      Hobbs Office Building For Sale

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      NN Leased Restaurant Investment Opportunity

      NN leased restaurant with attractive rental escalations and renewal options.
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    Similar Nearby for Lease

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      Hobbs, NM Office Space for Lease

      Prime Hobbs office space, multiple suites available.
      3601 Grimes St, Hobbs, NM 88240
      View Details
    • $7 SF/Yr
      28,000 SF

      Retail Space in Bel Aire Center

      28,000 SF available in established Hobbs shopping center.
      931 E Bender Blvd, Hobbs, NM 88240
      View Details
    • Contact for pricing
      2,513 SF

      Retail Space in Hobbs, NM

      Retail space available for lease in Hobbs, New Mexico.
      3920 N Lovington Hwy, Hobbs, NM 88240
      View Details
    • Contact for pricing
      195,584 SF

      Hobbs Retail Land Opportunity

      Prime Lea County location, build-to-suit options.
      4100 Lovington Hwy, Hobbs, NM 88240
      View Details
    • Contact for pricing
      1,920 SF

      Retail Center on Main Corridor

      Retail space in growing Hobbs commercial corridor for lease.
      3900 N Lovington Hwy, Hobbs, NM 88240
      View Details
    • Contact for pricing

      Hobbs, NM Commercial Warehouse

      High-traffic corner lot, versatile space.
      109 Dal Paso St, Hobbs, NM 88240
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      1.2k
    • Avg Time on site
      37 min
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    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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