Property profile

806 W Main St Hobbs, NM 88240

FOR SALE
Warehouses
Property ID
US61-0637726
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property in Hobbs, New Mexico, presents a fantastic opportunity for a thriving business. Located at 806 W Main Street, this 20,860 square foot lot houses a well-established auto or diesel mechanic shop, complete with four spacious bays ideal for servicing a wide range of vehicles. The property's strategic location on Main Street ensures high visibility and convenient customer access, complemented by ample on-site parking. The building itself offers a functional layout, including a dedicated office space, a restroom, and substantial storage areas, maximizing efficiency and workspace. The 0.48-acre lot provides generous space for vehicle storage and future expansion. The asking price for this turnkey operation is $550,000, representing a compelling investment in a robust commercial market. This property is situated in Lea County, New Mexico, and boasts a prime location with easy access for customers and employees. The combination of its size, location, and existing infrastructure makes this an attractive proposition for entrepreneurs seeking a ready-to-use commercial space. The property is zoned for commercial use and is ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
UPID US61-0637726

Cap rate & NOI

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

Location

806 W Main St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message