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810 Walker Dr Hobbs, NM 88240

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810 Walker Dr, Hobbs, NM 88240
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Estimated value
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Property ID US61-0908161

Property summary

AI-generated overview

This exceptional commercial property at 810 E Walker Drive in Hobbs, New Mexico, presents a unique investment opportunity. The property encompasses a substantial 21,850 square feet of land, offering ample space for a variety of commercial ventures. Currently configured as a salon, the building features several hair cutting and washing stations, six private rooms, and two restrooms. An industrial water heater is included. The property boasts significant parking and multiple building entrances, enhancing accessibility and convenience for both clients and staff. All existing equipment is included with an acceptable offer, providing a turnkey solution for a new owner. The property's versatile layout makes it suitable for a range of commercial uses, including but not limited to, medical offices, retail spaces, or other professional services. Located in Lea County, New Mexico, with a zip code of 88240, this property is situated at 32.718645 latitude and -103.127362 longitude. The asking price for this well-maintained and ready-to-occupy commercial property is $390,000. Its prime location and existing infrastructure make it an attractive investment prospect with significant potential for return. The property is zoned for commercial use.

Property profile

Verified
Property type Retail properties & Spaces
UPID US61-0908161

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
  • Hair Salon Nail Salon

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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