Hobbs Real Estate | Hobbs Commercial Properties for Sale

1515 Calle Sur W, Hobbs

20261733 MLS

This 12-unit multifamily property located at 212 S Shipp Street in Hobbs, New Mexico offers a fully stabilized investment opportunity with 100% occupancy and consistent in-place income. The property has demonstrated reliable performance with $96,000 in annual rental income and strong tenant demand in the Hobbs market, making it an attractive option for investors seeking immediate cash flow. Financial Overview Annual Rental Income: $96,000 Net Operating Income: ~$67,575 (before debt service) Occupancy: 100% Investment Highlights Fully occupied asset with stable tenant base Consistent income with no current vacancy Located in Hobbs with strong rental demand tied to the energy sector Simple, easy-to-manage property Owner financing available, providing flexible acquisition options Offered at $975,000 (~$81,250 per unit), this is a stabilized multifamily asset with immediate cash flow and flexible financing options in one of Southeastern New Mexico's strongest rental markets.

212 S Shipp St, Hobbs

$3,300,000

20261476 MLS

Sunrise Apartments | 32-Unit Multifamily Investment | Hobbs, NM Sunrise Apartments is a 32-unit multifamily community located at 1515 E. Scharbauer in Hobbs, New Mexico, with convenient access and visibility near Seminole Highway, one of the area's primary corridors. The property offers strong in-place income, a desirable unit mix, and consistent rental demand in the Hobbs market. The community consists of 32 units with a unit mix that includes larger floorplans attractive to families and long-term tenants. Unit Mix 16 3 Bedroom units Market rent ~$1,300 8 2 Bedroom units Market rent ~$1,200 8 1 Bedroom units Market rent ~$1,100 Income & Performance Gross Potential Rent: $470,400 annually Actual Rental Income (2025): $440,880 P&L Sunrise 2025 Average Monthly Income: ~$36,740 Actual Economic Vacancy: ~$29,520 (~6.3%) Projected Vacancy (Underwritten): ~7% The property features several amenities including an on-site leasing office, community swimming pool, and shared laundry facility. Select three-bedroom units include in-unit laundry, providing additional convenience and appeal for tenants. Utilities Owner pays water and gas Tenants pay electricity The property is serviced by 7 gas water heaters and has historically maintained stable occupancy with consistent income performance. With strong in-place revenue, larger unit sizes, and convenient highway access, Sunrise Apartments represents a stabilized multifamily investment opportunity with reliable cash flow in the Hobbs market. Offered at $3,500,000 (~$109,375 per unit) with attractive in-place income and modest rental upside based on current market rents.

1515 E Scharbauer St, Hobbs

$678,000

20262367 MLS

Industrial warehouse property featuring a fenced yard, loading area, and functional layout for a variety of commercial uses. Well-positioned with easy access for deliveries and operations. Currently occupied by a long-term national tenant, offering strong investment potential.

1111 S Leech St, Hobbs

$595,000

20263233 MLS

Prime commercial property located on a highly visible corner lot offering approximately 4,400 square feet of flexible office space. The thoughtfully designed layout includes a total of 12 offices/rooms, multiple lobby areas, kitchen facilities on both levels, and three bathrooms. Ideal for professional offices, medical, service-based businesses, or multi-department operations. Excellent opportunity to establish or expand your business in a well-positioned location. Call today to schedule your private showing.

201 E Sanger St, Hobbs

$299,000

20262368 MLS

11,000+ sq ft warehouse offering excellent functionality and access. Property features a rail spur behind the building, ideal for shipping, receiving, or industrial use. Fenced yard, loading access, and ample space for operations or storage. Great opportunity for owner-users or investors seeking industrial space.

1119 S Leech St, Hobbs

$1,200,000

20245732 MLS

Dunnam Apartments is a 15-unit multifamily property located in Hobbs, New Mexico, offering strong in-place cash flow with significant value-add potential. The property currently generates approximately $164,250 in annual rental income with an estimated NOI of approximately $138,275, providing an attractive ~11.5% cap rate at the $1.2M asking price. The building contains approximately 21,000 square feet across two levels and produces an average rent of approximately $912 per unit, providing investors with opportunities for gradual rent increases. A unique feature of the property is a large downstairs area that could potentially be converted into additional apartment units or repurposed as commercial space, creating additional income opportunities. Preliminary projections indicate the potential for approximately $4,000 per month in commercial lease income with improvements. With strong workforce housing demand in the Hobbs market and additional income opportunities through renovation and repositioning, Dunnam Apartments presents a compelling opportunity for investors seeking both stable cash flow and meaningful upside. Owner financing may be available for qualified buyers.

210 W Dunnam St, Hobbs

$950,000

20263060 MLS

Located in the heart of Hobbs, this exceptioal 17,000 sq ft commercial property offers endless possibilities for ministry, business, education, event space, or redevelopment. Established for over 50 years as a thriving church, the property features a spacious 3,200 sq. ft. sanctuary, mulitple office spaces, numerous classrooms, a full kitchen, fellowship hall, and a designated area ideal for a coffee shop or cafe concept. Situated on a large lot with ample parking, this well maintained property provides flexibility for a variety of uses including community center, school, event venue, office conversion, or continued religious use. A rare opportunity to own a landmark property with strong community presence and incredible potential in a prime Hobbs location.

2714 N Dal Paso St, Hobbs

$350,000

20263418 MLS

This commercial property, perfect for an auto or diesel mechanic shop, features four large bays that cater to avariety of vehicle services. Situated on 0.48 acres, the lot provides ample space for vehicle storage. The property includes a parking area and an office entrance on MainStreet, ensuring easy access for customers. Inside the shop, there is an office, a bathroom, and plenty of storage space, making it a fully functional and efficient workspace for your business needs.

806 W Main St, Hobbs

$410,000

20262122 MLS

Oilfield commercial property on 1.8 acres featuring a 40 x 80 all-metal shop Includes a 16 x 12 front overhead door and two rear doors (10 x 910), center hoist, gas heater, and exhaust fan. Property offers one bathroom, two 14 x 14 office spaces with heat and A/C, plus a shop office with cabinets and sink. Equipped with water well, septic, two metal storage buildings, and rear carport areaideal for industrial use.

901 E Katy, Hobbs

$2,300,000

20261742 MLS

Prime commercial property at the heart of Hobbs North developing business district. 2585 sqrft retail/restaurant building with drive-thru window and large parking lot on 7.61 Acres total. Developed 1.135 acres with building and parking lot with additional 6.475 acres for future or additional professional/retail properties. Just North of the new Hobbs municipal middle school being built. Centrally located with quick access to North Grimes/Joe Harvey business strip, as well as the developing Lovington Hwy and new hospital region. Across the street from Hobbs higher-end country residential subdivisions.

1615 W Millen Dr, Hobbs

$2,500,000

20261650 MLS

Turnkey opportunity to acquire a multi-parcel, income-capable property in Hobbs. This offering includes four separate parcels totaling approximately 4.47 acres, featuring a commercial building for a business, a residential property (713 W. Kara), and a fully functional animal and equine facility. The property is currently configured for livestock and animal operations, with pipe fencing, multiple pens, shelters, and outbuildings already in place. Ideal for boarding, breeding, training, or small-scale agricultural business use. This property is well-suited for investors, owner-operators, or buyers seeking a live/work setup with expansion potential. Opportunities like this combining land, infrastructure, and multiple parcels are rare in this market.

5206 N Grimes St, Hobbs

$398,000

20261278 MLS

Prime Opportunity With This Versatile Commercial Property Located In A High-Traffic, High-Visibility Area. Positioned In A Strategic Location With Excellent Exposure, This Property Offers Incredible Potential For A Variety Of Business Uses Including Retail, Office, Service-Based Businesses, Or Investment Opportunities.

523 W Sanger St, Hobbs

$1,200,000

20260365 MLS

Large Warehouse-Office facility with 5 fenced acres, apx. 5100 sq ft of office space and over 15,000 sq ft of warehouse/shop area. 2 truck repair bays, central area of town

602 W Sanger St, Hobbs

$420,000

20256497 MLS

Large professional office suite on busy city street. Great visibility located on Hobbs main business strips, surrounded by multiple professional offices, retail and much more. Just a few blocks down is Hobbs City Hall Complex. Pop in next door for lunch at Casey's Restaurant in the Down Town Mini-Mall. Great reception area overlooking Broadway through the large glass wall and door. Nine dedicated offices varying in size. Four additional rooms idea for file storage and copier space. Centralized data cabinet with adequate CAT-5 data cable throughout the building. large flex space with kitchenette area for company gatherings. two ADA equipped bathroom as well. Attract top tier employees as well as impress clientele with this impressive office facility.

205 W Broadway St, Hobbs

$179,500

20246424 MLS

Great Location for professional office location, Unique building with a full Kitchen area and a bathroom with a shower, someone could operate their business there and also live there.

508 N Dalmont St, Hobbs

$499,000

20262124 MLS

Prime commercial opportunity in Hobbs offering excellent visibility and versatility for a variety of business uses. This property features dedicated office space, a bathroom with shower, a garage, and an additional storage shed to support daily operations. A covered carport and extra vehicle space provide ample parking and convenience for staff or clients. With its functional layout and flexible potential, this property is ideal for entrepreneurs looking to start or expand their business in a strategic location.

1118 W Broadway, Hobbs

$3,600,000

20260253 MLS

25-Acre Commercial Fenced In Yard & Industrial Facility Well-equipped 25-acre commercial yard featuring 15 office spaces, a conference room, mens and womens restrooms, and 103 employee lockers. Industrial amenities include semi-truck bays. Semi wash drive through, a chemical storage building, and a cement warehouse with containment. Ideal for logistics, construction, or industrial operations requiring ample space and functionality. Big Lab room, Dispatch area, and over 25k feet of buildings. This property can also be leased.

1908 W Bender, Hobbs

$250,000

20263419 MLS

This commercial property, located on Grimes, offers excellent visibility and accessibility. The building features six freight bays on each side, totaling 12 bays with overhead doors, providing ample loading and unloading capacity. Plumbing has been installed for a bathroom, and there is plenty of space available to build out an office to suit your needs. The property sits on 0.87 acres, offering room for expansion, or to store vehicles and equipment. A separate entrance for deliveries and office access enhances operational efficiency.Additionally, the lot is fenced on the north side, ensuring security and privacy for your business operations.

821 S Grimes St, Hobbs

$1,000,000

20262868 MLS

Prime commercial opportunity in a highly visible location directly across from the Lea County Regional Airport in Hobbs, NM! Situated on 3 acres, this property includes an existing home and offers endless potential for commercial, or investment use. With excellent access and high traffic exposure, this location is ideal for a variety of business opportunities including office space, storage, trucking, service industry, rental income, or future development. Rare chance to own acreage in a rapidly growing area with incredible flexibility and visibility. The possibilities here are truly endless!

100 S Mini Rnch, Hobbs

$300,000

20262487 MLS

Fenced truck yard with big shop on Approx 0.94 acres. Close access to 62/180. City water to site. Gravel/caliche yard. Large gate access. Just off West Marland Blvd.

821 S Rash, Hobbs

$1,200,000

20263330 MLS

Property is being SOLD AS IS! Prime commercial location building in need of extensive renovation, being sold as is. This commercial property offers great visibility and easy access in a high-traffic area, situated close to downtown amenities, shopping, dining, and major thoroughfares. While the existing building requires extensive renovation, the site's versatile location provides outstanding potential for several types of development, including: - Investment projects - Professional office space - Healthcare facilities - Service-oriented businesses Given the proximity to downtown and its significant potential, this is a great opportunity for the right investor!

200 S Linam St St, Hobbs

$750,000

20261332 MLS

COMMERCIAL YARD AVAILABLE FOR SALE OR RENT! 4.56 acre yard with two office buildings and two large shops. Main office has a common area, four smaller offices, shared bathroom and covered parking. Office trailer has two offices, break room and a shared restroom. Large 30x40 shop previously used as a welding shop. 75x60 shop with auto lift, air compressors and tire rack on site. Utilities include electric, propane, septic and private well. 3 Year NNN Lease available for $9000 a month. Owner finance available. For more information call Jason Scott, 575-552-1275.

8626 S Eunice Hwy, Hobbs

$295,000

20262621 MLS

LARGE CORNER LOT WITH SMALL SHOP AVAILABLE TO BUY OR LEASE. Monthly Rent $2,000 per month and possible owner financing. Fencing surrounds the property with rolling gate located on Main Street.

724 S Grimes St, Hobbs

$675,000

20260075 MLS

This fully equipped and operating restaurant is available. Contact United Realty to schedule your showing (575)392-3000 - NO SHOWINGS DURING OPERATING HOURS! SHOWINGS ONLY ON SUNDAYS AND MONDAYS WHEN RESTAURANT IS CLOSED. *Owner Financing Available*

604 E Broadway St, Hobbs

$1,500,000

20244692 MLS

Past prominent recreational facility is now available. Prime location in North Hobbs. 16,275sf facility includes front desk and offices, 2 racquet ball courts, swimming pool, jacuzzi and sauna. Men & women's locker rooms on site. 8 separate gyms and a large studio in back. Great opportunity for growth in the area over the next few years. Call to see this property in person. Call Jason for information, 575-552-1275.

1503 W Calle Sur, Hobbs

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