Property profile

3800 Carlsbad Hwy Hobbs, NM 88240

OFF-MARKET
Warehouses
Property ID
US61-0941876
Built 2017
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Property summary

AI-generated overview

This exceptional 6.04-acre commercial property, located at 3800 W Carlsbad Highway in Hobbs, New Mexico, presents a unique investment opportunity. Built in 2017, the substantial metal building boasts incredible visibility due to its prime location on a major highway (US 62/180), offering easy access to both local amenities and regional transportation networks. The property is conveniently situated minutes from Hobbs' city center and airport, and approximately 70 miles from Carlsbad, NM, ensuring excellent connectivity. The warehouse itself features a functional layout, including six large overhead doors for efficient loading and unloading, a well-appointed reception area complete with a counter, a dedicated storage/supply room equipped with shelving for organized inventory management, and three restrooms for employee convenience. This versatile property is ideally suited for a variety of commercial and industrial uses, offering significant potential for growth and profitability. The asking price is $1,900,000, and the property is available for both purchase and lease. This is a rare opportunity to acquire a high-visibility, well-maintained commercial warehouse in a thriving New Mexico market. The property is situated in Lea County, NM, zip code 88240.

Property profile

Verified
Property type Warehouses
Year built 2017
UPID US61-0941876

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
  • Auto Parts Store Big Box & Wholesale Store

Location

3800 Carlsbad 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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