Property profile

506 Shipp St Hobbs, NM 88240

OFF-MARKET
Commercial real estate
Property ID
US61-0587276
3,036 SF 0.3 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional 3,036 square foot commercial building is situated on a 0.3-acre lot at 506 N Shipp in Hobbs, New Mexico. Its convenient location offers easy access to downtown Hobbs while maintaining a quiet neighborhood setting. The property boasts multiple offices, providing ample space for various business configurations. Three bathrooms ensure convenience for employees and clients alike. A significant feature is the large backyard, complete with a patio, ideal for employee breaks or client gatherings. Rear parking is available, addressing employee parking needs. The building also includes a substantial, adaptable office space suitable for a wide range of business operations. This property presents a unique opportunity for businesses seeking a well-maintained, spacious, and conveniently located building in a thriving area of Hobbs. The asking price is $339,000. This is a turnkey opportunity for immediate occupancy and business establishment. The combination of size, location, and amenities makes this property a compelling investment for discerning buyers. Don't miss the chance to secure this exceptional commercial space.

Property profile

Verified
Property type Commercial real estate
Year built 1950
Total area 3,036 SF
Lot 0.3 ac (13,068 SF)
UPID US61-0587276

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
  • Dental Office

Location

506 Shipp St 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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