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    FOR LEASE
    Commercial real estate

    3920 N Lovington Hwy, Hobbs, NM 88240

    16,400 SF
    Property ID
    US61-0557461
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 16,400 SF
    UPID US61-0557461
    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
    • Neubauer Edward DDS Dental Office
    • KidsKare P.C. Family Dentists - Hobbs Dental Office
    • Paul Craig DDS Dental Office
    • 5 Star Nutrition Hobbs (Bike/Boat/Book/etc) Store Pharmacy
    • Hobbs CBD and Wellness by 5 Star Nutrition (Bike/Boat/Book/etc) Store Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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