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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

311 Broadway St Hobbs, NM 88240

5,000 SF Built 1960
Property ID
US61-0702861
Property summary
AI-generated overview

This exceptional 5,000 square foot retail building is ideally situated in the heart of downtown Hobbs, New Mexico. The property boasts a spacious reception lounge at the front entrance, leading to three generously sized offices. The building was previously renovated to function as a sleep center, featuring several rooms with private bathrooms – a layout easily adaptable for medical practices or other professional uses. A convenient breakroom and laundry closet are also included. Detailed floor plans are available in the accompanying photographs. Hobbs is experiencing significant economic growth, fueled by Lea County's leading national oil production and the expansion of the Urenco uranium enrichment facility. This strategic location positions this property as an excellent opportunity for businesses seeking a prominent presence in southeastern New Mexico. Whether you're looking for a satellite office or a primary location, this versatile building offers a compelling combination of space, amenities, and location in a thriving market. The property is offered at $435,000. Don't miss this chance to establish your business in a dynamic and rapidly expanding community.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1960
Total area 5,000 SF
UPID US61-0702861
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
Current use
Occupant on record · Public records
  • Pecos Valley Production - Hobbs, NM (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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