3920 N Lovington Hwy, Hobbs, NM 88240
For Lease
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This exceptional retail and office space, located at 3920 N Lovington Hwy in Hobbs, New Mexico, presents a unique opportunity for businesses seeking a prime location. The property, totaling 16,400 square feet, offers multiple tenancy options within a vibrant shopping center. Currently, 6,269 square feet are vacant, with spaces ranging from 1,269 square feet to a maximum contiguous space of 5,000 square feet. The property's classification includes retail, office, and restaurant uses, providing flexibility for a variety of businesses. Its strategic location on one of Hobbs' main highways ensures high visibility and accessibility, further enhanced by its proximity to a Walmart, acting as a shadow anchor. The property is situated in Lea County, New Mexico, with the zip code 88240. The ease of tenant finish-out makes this space adaptable to various business needs, minimizing upfront investment and allowing for quick occupancy. This is an ideal opportunity to establish or expand your business in a thriving commercial area. The property is categorized as a traditional office space, offering a blend of modern convenience and high-traffic exposure. Contact us today to learn more about this exceptional leasing opportunity.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.