Property profile

821 S Grimes St Hobbs, NM 88240

FOR SALE
Flex space
Property ID
US61-0655993
4,000 SF
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Property summary

AI-generated overview

This commercial property, located on Grimes, offers excellent visibility and accessibility. The building features six freight bays on each side, totaling 12 bays with overhead doors, providing ample loading and unloading capacity. Plumbing has been installed for a bathroom, and there is plenty of space available to build out an office to suit your needs. The property sits on 0.87 acres, offering room for expansion, or to store vehicles and equipment. A separate entrance for deliveries and office access enhances operational efficiency.Additionally, the lot is fenced on the north side, ensuring security and privacy for your business operations.

Property profile

Verified
Property type Flex space
Total area 4,000 SF
UPID US61-0655993

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
  • Auto Repair Shop

Location

821 S Grimes St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

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