TBD W Millen Dr Drive

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TBD W Millen Dr Drive

Hobbs, NM 88240
Asking Price
$250K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land asset comprising 8.5 acres of development potential
  • Located in the city of Hobbs, New Mexico, zip code 88240
  • The property is currently listed for sale at 250000 dollars
  • Site dimensions support diverse commercial, retail, or industrial development uses
  • Strategically situated to benefit from regional growth and economic activity

What's Special

Development of this 8.5-acre commercial land parcel presents a strategic opportunity for investors seeking to establish a presence in the growing market of Hobbs, New Mexico. Positioned at TBD W Millen Dr Drive, the site provides substantial acreage suitable for a variety of commercial applications, including industrial facilities, retail centers, or regional service operations. The Hobbs submarket remains a critical economic hub for the region, supported by consistent activity in the energy and logistics sectors. With its significant footprint, the property allows for flexible site planning to meet specific business requirements. Access to regional transportation networks supports efficient distribution and service delivery, making this location a viable option for businesses looking to scale within the Permian Basin area. Investors and developers will find this site well-positioned to serve the expanding needs of the local economy through ground-up development or long-term land holding strategies.

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NOI
$80,000
Cap Rate
32.00%
DSCR
5.39
Strong
Cash-on-Cash
86.88%
Monthly Payment
$1,236.864
Annual Cash Flow
$65,157.637

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