Property profile

610 Carlton St Hobbs, NM 88240

OFF-MARKET
Land
Property ID
US61-0756237
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Property summary

AI-generated overview

This exceptional 0.88-acre commercial land parcel, located at 610 S Carlton Street in Hobbs, New Mexico, presents a compelling investment opportunity. Priced at $425,000, this property boasts a highly desirable location just off the Carlsbad Highway, ensuring excellent accessibility and visibility. The existing structure features three large bay doors, perfect for businesses requiring ample storage and workspace. Inside, the building offers two well-appointed office spaces, ideal for administrative tasks or client meetings, along with two restrooms for convenience. This versatile property is suited for a wide range of commercial uses, making it an attractive option for businesses seeking to establish or expand their operations in a thriving New Mexico market. Its central location in Lea County, with a zip code of 88240, offers easy access to the town of Hobbs and its surrounding areas. The property's size and features provide significant potential for growth and profitability. This is a rare opportunity to acquire a well-situated commercial property in a dynamic and growing community. The coordinates are 32.6951289 latitude and -103.1771007 longitude.

Property profile

Verified
Property type Land
UPID US61-0756237

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

610 Carlton 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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