Property profile

4220 Lovington Hwy Hobbs, NM 88240

OFF-MARKET
Land
Property ID
US61-0643736
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 4220 N Lovington Highway in Hobbs, New Mexico, presents a unique investment opportunity. The property encompasses approximately 1.3 acres of fenced land, featuring a 4,000 square foot shop building. The shop boasts a reception area, a dedicated office space, and two bathrooms, ensuring functionality and convenience. Additional storage or parts room is also included within the building. The expansive yard is composed of caliche, providing a durable and practical surface. This property benefits from a highly visible location within a high-traffic area, making it ideal for a variety of commercial uses. The property's address is 4220 N Lovington Hwy, Hobbs, NM 88240, and its APN is 4000422090001. The land is designated as commercial, with single tenancy. The property is situated at latitude 32.7472093 and longitude -103.1670146. This is a single-tenant property with no additional building suites. The significant size and strategic location make this a compelling opportunity for businesses seeking a prominent presence in a thriving commercial area. The existing building provides immediate functionality, while the ample land offers potential for expansion or future development.

Property profile

Verified
Property type Land
UPID US61-0643736

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 Repair Shop

Location

4220 Lovington Hwy Hobbs, NM 88240
Hobbs metro
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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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