6804 N Grimes Street

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

6804 N Grimes Street

Hobbs, NM 88240
Asking Price
$1.95M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 130-acre site is available for purchase at $1,950,000.
  • This expansive land parcel is classified as commercial property.
  • The site occupies a strategic position within the Hobbs market.
  • The property provides ample space for large-scale industrial development.
  • Investors can utilize the location within the energy-rich Permian Basin.

What's Special

This 130-acre commercial land parcel in Hobbs, New Mexico, is available for sale, providing a strategic acquisition for investors or developers seeking large-scale expansion space. Situated in a region known for its strong industrial and energy sectors, the site offers significant acreage suitable for a variety of commercial developments or large-format operations. The geography of the Permian Basin supports a dynamic business environment, making this property a versatile candidate for those looking to establish a footprint in this growing market. Buyers have the flexibility to align this expansive site with a range of industrial or commercial uses, leveraging the property's size to accommodate substantial infrastructure or staging requirements. The location maintains accessibility within the Hobbs submarket, facilitating regional logistics and connectivity. Given the scale of the parcel, it remains a pragmatic option for stakeholders focused on long-term development strategies within southeastern New Mexico.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433

Location & Travel Times