North Hobbs, NM Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in North Hobbs, New Mexico Market population: 5K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For North Hobbs NM Properties: 0.8900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For North Hobbs NM
Common questions from investors exploring commercial real estate in North Hobbs NM.
What's the overall investment potential of North Hobbs, NM?
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The combination of a relatively low poverty rate of 8.5%, high health insurance coverage of 84.6%, and a short average commute time of 20.1 minutes suggests a stable and attractive market for real estate investment, with a strong foundation for rental income and property appreciation.
How does the local economy impact real estate demand?
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The top industries in North Hobbs, including Educational Services and Health Care, contribute to a diverse economy, while the median household income of $76,649 and a foreign-born rate of 14.1% indicate a growing and ethnically diverse population, driving demand for housing and supporting local real estate investment.
What are the key factors influencing property values in North Hobbs?
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The median property value of $182,800, combined with a high homeownership rate of 79.8% and relatively low median property taxes of $1,480, suggests a favorable environment for property appreciation, further supported by the area's low poverty rate and high health insurance coverage, which contribute to a stable and desirable community.
How does the commute and transportation infrastructure affect the local real estate market?
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The short average commute time of 20.1 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a well-planned and efficient transportation system, making North Hobbs an attractive location for residents and supporting the local real estate market, especially when combined with the area's diverse economy and relatively high median household income.
What role does ethnic diversity play in the investment potential of North Hobbs?
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The top ethnicities, including White, White Non-Hispanic, and Hispanic, contribute to a diverse community, which, when combined with a relatively low poverty rate of 8.5% and a high health insurance coverage rate of 84.6%, suggests a resilient and stable market, with a strong potential for long-term growth and property appreciation, driven by the demands of a diverse and growing population.
North Hobbs NM Real Estate & City Facts
Key facts and real estate information about North Hobbs NM.
What are some of the best neighborhoods to live in North Hobbs?
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Some of the best neighborhoods to live in North Hobbs include North Hobbs Country, which is known for its peaceful and friendly community. Other desired areas tend to be in the north parts of the city, while more affordable homes are in the southwest regions.
What are some fun things to do in North Hobbs?
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There are plenty of fun things to do in North Hobbs, including visiting the Western Heritage Museum, Nana's Collectibles & Antique Mall, and the Center for the Arts. You can also check out the Southwest Symphony, Center of the Arts, or Zia Park Casino for some live horse racing.
What is the food scene like in North Hobbs?
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The food scene in North Hobbs is diverse, with plenty of great restaurants to choose from. Some popular options include Joe's Italian Restaurant, Maria Bonita Mexican Grill, and The Cafe. You can also try La Parrilla for some authentic Mexican dishes or Saxony Steak Room for a fantastic steak.
What are the pros and cons of living in North Hobbs?
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The pros of living in North Hobbs include its peaceful neighborhoods, vibrant arts community, and plenty of fun things to do. However, some cons include the fact that it's a small town, which may limit job opportunities and entertainment options. Additionally, the town has a higher poverty rate and crime rate compared to other areas in the state.
Is North Hobbs a good place to live?
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North Hobbs can be a good place to live, depending on your personal preferences and priorities. If you're looking for a peaceful and friendly community with a low cost of living, North Hobbs may be a great option. However, if you're looking for a more urban lifestyle with plenty of job opportunities and entertainment options, you may want to consider other areas.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For North Hobbs NM Commercial Property: $76,649
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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