Property profile

2815 Lovington Hwy Hobbs, NM 88240

OFF-MARKET
Commercial real estate
Property ID
US61-0552487
18,000 SF Built 1997
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Property summary

AI-generated overview

This expansive 18,000 square foot commercial building is strategically located on Lovington Highway (Hwy 18) in Hobbs, New Mexico. The property sits on a 6.2-acre lot, offering significant space and potential for expansion. The main building boasts ample office space, ideal for a variety of businesses. A substantial portion of the property, approximately 4.3 acres, is already improved with a rocked and fenced yard, providing secure outdoor storage or operational space. An additional 2 acres are available for future development or expansion projects. The building features three 14' x 16' overhead doors, facilitating easy loading and unloading of goods. The property also benefits from three-phase power, essential for many commercial operations. Its convenient location offers quick access to Northwest County Road, enhancing accessibility and logistical efficiency. This versatile property presents a unique opportunity for businesses seeking a well-established and expandable location in a thriving area. The combination of ample indoor and outdoor space, along with its strategic highway location and robust infrastructure, makes this an exceptional commercial investment.

Property profile

Verified
Property type Commercial real estate
Year built 1997
Total area 18,000 SF
UPID US61-0552487

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
  • Oilfield Well Drilling Contractor

Location

2815 Lovington Hwy 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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