TBD Sockwell Drive

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TBD Sockwell Drive

Hobbs, NM 88240
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • The site encompasses 0.88 acres of commercial land.
  • Located along Sockwell Drive in Hobbs, New Mexico.
  • The property is situated within the active Permian Basin region.
  • Land is suitable for industrial, logistics, or commercial development projects.
  • Positioned in a key hub for energy sector economic activity.

What's Special

Hobbs serves as a central hub for the energy sector within southeastern New Mexico, benefiting from the regional economic activity tied to the Permian Basin. This 0.88-acre parcel of commercial land sits along Sockwell Drive, providing a strategic footprint for developers or business owners seeking a foothold in this active industrial and commercial market. The surrounding area supports a variety of service-oriented operations and light industrial ventures that cater to the local workforce and regional supply chains. Given the flexible nature of the land, the site is suitable for a range of commercial development projects. Investors can leverage the location to construct facilities that support operations in energy services, logistics, or general retail, depending on specific site requirements and local development standards. Access to regional transportation routes allows for efficient connectivity across the broader Lea County area, making this a viable option for those looking to establish a new base of operations within an expanding market landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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