Property profile

901 Cecil St Hobbs, NM 88240

OFF-MARKET
Warehouses
Property ID
US61-0792425
11,400 SF 7 ac lot Built 1980
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Property summary

AI-generated overview

This ±11,400 square foot industrial property in Hobbs, New Mexico, offers a unique blend of office and warehouse space, ideal for various business needs. Situated on approximately 7 acres, the property comprises three buildings. Building 1 boasts approximately 5,500 square feet, including ±3,000 square feet of office space featuring a reception area, seven private offices, and two bathrooms (one in a dedicated safety meeting room). The remaining ±2,500 square feet is shop space with a high-clearance overhead door and a mezzanine for extra storage. Building 2 provides approximately 5,000 square feet of covered storage/workshop space with two 14-foot overhead doors, facilitating easy access for large vehicles and equipment. Finally, Building 3 offers approximately 1,400 square feet of separate dry storage, ensuring secure and weather-protected storage. The entire complex features a 16-foot ceiling height, three drive-in doors, and three-phase power. Built in 1980, this single-tenant Class C property is located at 901 S Cecil St, Hobbs, NM 88240, in Lea County. The zoning is currently unlisted. This property presents a significant opportunity for businesses requiring a combination of office, shop, and storage space, with ample room for expansion. The location offers convenient access to major roadways.

Property profile

Verified
Property type Warehouses
Year built 1980
Total area 11,400 SF
Lot 7 ac (304,920 SF)
UPID US61-0792425

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
  • Trucking Company

Location

901 Cecil St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

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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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