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$975,000
20261733 MLS
Shipp Apartments is a 12-unit studio apartment complex offering strong in-place occupancy and potential upside through future rent growth. The property is currently 100% occupied, with a current rent roll totaling approximately $8,600 per month, or $103,200 in annualized scheduled rent. Individual rents currently range from approximately $500 to $800 per month, creating an opportunity for continued rent optimization as market conditions and tenant turnover allow. The property reported $96,000 in rental income during 2025, providing historical support for the current income stream. The property is currently self-managed and offers a relatively straightforward operating model. With full occupancy, existing cash flow, a simple 12-unit studio configuration and potential rental upside, Shipp Apartments provides an opportunity to acquire an established multifamily asset with room for continued income growth.

212 S Shipp St, Hobbs

Listing courtesy of Found Real Estate.

$3,300,000
20261476 MLS
Sunrise Apartments is a 32-unit multifamily investment opportunity in Hobbs, New Mexico, currently 100% occupied with a wait list, demonstrating strong demand for the property. The community features a desirable unit mix consisting of 16 three-bedroom units, 8 two-bedroom units, and 8 one-bedroom units. The current rent roll totals approximately $37,795 per month, or $453,540 in annualized scheduled rent. The property reported $440,880 in rental income during 2025, providing strong support for current rent-roll performance. Based on normalized operating expenses and a vacancy/collection allowance, estimated NOI is approximately $318,750, representing an estimated 9.66% cap rate at the $3,300,000 asking price. Amenities include an on-site swimming pool, laundry facilities, and management office. The property's larger concentration of three-bedroom units provides a differentiated offering within the local rental market. At approximately $103,125 per unit, Sunrise Apartments offers an investor immediate in-place cash flow, full occupancy, demonstrated tenant demand, and continued long-term rental potential in the Hobbs market. Financial information is based on the current rent roll, seller-provided operating information, and normalized operating assumptions.

1515 E Scharbauer St, Hobbs

Listing courtesy of Found Real Estate.

$678,000
20262367 MLS
Cintas-occupied industrial investment opportunity in Hobbs, New Mexico, offered at $678,000. The property combines an established national tenant, more than 20 years of continuous occupancy, recent capital improvements, fenced industrial space and rail infrastructure immediately behind the property. Cintas has occupied this location continuously since 2005 and currently pays $5,650 per month, representing $67,800 in annual base rent. The current lease runs through July 2027, with renewal discussions anticipated to begin in early 2027. The lease is reported as triple net, with the landlord retaining certain insurance obligations. Prospective purchasers should review the existing lease for complete terms and expense responsibilities. Significant improvements were completed in 2026, including new electrical, new plumbing and a new concrete loading dock. The property also features a fenced yard and functional loading and operational areas suitable for industrial use. A rail spur is located directly behind the property, providing potential strategic value for industrial and distribution users. Buyer should independently verify rail access, service availability and use rights. Cintas' occupancy since 2005 provides a substantial operating history at this location. The July 2027 lease expiration also creates potential upside for a purchaser through lease renewal, renegotiation or future repositioning. The adjacent 11,400 SF warehouse at 1119 S Leech Street is also offered for sale at $299,000. Seller will consider a package transaction for both properties, creating an opportunity to acquire adjacent industrial assets with approximately 22,000+ SF of combined building area.

1111 S Leech St, Hobbs

Listing courtesy of Found Real Estate.

$950,000
20262151 MLS
30.37 acre development opportunity north of Hobbs, New Mexico, offered at $950,000. The property provides a substantial contiguous tract and strong potential for residential subdivision or other future development. A preliminary subdivision concept has already been prepared, giving prospective developers a starting point for evaluating potential lot layout and development of the property. The preliminary concept is for planning purposes and remains subject to governmental approval, engineering, utility availability and other development requirements. With more than 30 acres, the property offers flexibility for a developer to consider a full subdivision, phased development, larger residential lots or other uses permitted by applicable zoning and land-use regulations. Water rights can be negotiated, adding significant value to a tract positioned for future development in the Hobbs area.

W Pinson St, Hobbs

Listing courtesy of Found Real Estate.

$1,850,000
20262678 MLS
Rare opportunity to acquire 126 contiguous acres near Hobbs, New Mexico, offering exceptional flexibility for residential development, farm, ranch or long-term investment. The property includes approximately 94 acres of adjudicated water rights and two high-capacity irrigation wells, each approximately 200 feet deep with water at approximately 120 feet and reported production of approximately 700 GPM. This substantial existing water infrastructure creates opportunities for continued agricultural use while adding significant value to the property's long-term potential. For developers and builders, the property's location, size and surrounding road access create a compelling residential development opportunity. An initial 2-acre residential lot development is already underway along W. Kansas Street, providing a potential framework for continued estate-lot development across the remaining acreage. A conceptual master plan is being developed to illustrate future road alignments, 2-acre homesites and phased development potential. Existing improvements include an updated 3-bedroom, 2-bath approximately 1,950-square-foot double-wide with a metal roof, propane heat and updated flooring, kitchen, bathrooms and windows. A large barn provides additional equipment and storage space. The property benefits from access and connectivity via Grimes, Kansas, Cope, Yuciapa and Carter and represents one of the larger contiguous acreage opportunities close to Hobbs. Whether utilized for agriculture, ranching, a private estate, residential development or long-term investment, this property offers a rare combination of substantial acreage, adjudicated water rights, high-capacity wells, existing improvements and proximity to town. Additional acreage also available. Property is owned by Selling Broker.

6804 N Grimes St, Hobbs

Listing courtesy of Found Real Estate.

$299,000
20262368 MLS
11,400 SF industrial warehouse located at 1119 S Leech Street in Hobbs, NM, offered at $299,000. At approximately $26/SF, the property offers an attractive acquisition basis for an owner-user or investor. The building is currently income producing at $1,500 per month and provides functional warehouse space with a fenced property and convenient industrial access. Rail infrastructure runs immediately behind the property, providing potential strategic value for industrial and distribution users. Buyer to verify rail access, service availability, and use rights. The neighboring property at 1111 S Leech Street, currently occupied by Cintas, is also available for purchase. The seller will consider a package transaction for both properties, providing buyers the opportunity to acquire adjacent industrial assets with a combination of existing income and future operational or investment flexibility.

1119 S Leech St, Hobbs

Listing courtesy of Found Real Estate.

$1,200,000
20245732 MLS
Dunnam Apartments offers a unique multifamily and value-add opportunity in Hobbs, New Mexico. The property includes 15 existing apartment units along with substantial ground-floor space offering potential for commercial, office, storage, or other permitted uses. The property reported $164,250 in rental income during 2025, providing strong in-place income from the existing multifamily operation. The current rent roll reflects primarily one-bedroom units with rents generally around $900$1,000 per month. The ground floor provides an additional value-add component. A prior residential buildout of portions of this space was started but was not completed or approved for occupancy. The area could be positioned as commercial/flex space. This combination of existing multifamily income and underutilized ground-floor space provides multiple paths for a future owner to increase the property's performance through rent growth, commercial utilization, or other approved repositioning. Located in central Hobbs, Dunnam Apartments provides an opportunity to acquire an established income-producing multifamily property with additional space and meaningful value-add potential.

210 W Dunnam St, Hobbs

Listing courtesy of Found Real Estate.

$1,900,000
20242903 MLS
45-site RV park situated on approximately 24.14 acres in Lovington, New Mexico. This established property combines an operating RV park with substantial additional acreage, offering current income potential along with significant long-term expansion and development upside. The property features existing RV infrastructure with city utilities and a history of strong occupancy. The large T-shaped tract provides substantial room for potential additional RV sites, storage, or other complementary development, subject to applicable approvals and utility capacity. Located in Lea County and the Permian Basin, the property is positioned to serve workforce, long-term and transient RV demand throughout the region. With 45 existing sites already in place and considerable acreage included, a purchaser has the opportunity to acquire an established operation with meaningful room for future growth.

103 S 17th St, Lovington

Listing courtesy of Found Real Estate.

$300,000
20214070 MLS
4.34 acre industrial/commercial site in Hobbs, New Mexico, offering exceptional flexibility for an owner-user, tenant, or company seeking a custom facility in the Permian Basin. The property is available for sale, lease, or build-to-suit, allowing prospective users to structure an occupancy solution that fits their specific operational needs. The site is fully fenced and gated with a caliche yard suitable for equipment, trucks, materials, and industrial operations. Located near NM-18 / Eunice Highway, the property provides convenient access for oilfield service companies, trucking operations, contractors, equipment storage, service businesses, and other industrial users. Ownership is willing to consider custom build-to-suit improvements for qualified occupants, creating an opportunity for businesses requiring office, shop, warehouse, or other purpose-built facilities without acquiring and developing land independently. With 4.34 acres, existing yard improvements, flexible transaction options, and a strategic Hobbs location, the property offers a versatile opportunity for businesses operating throughout Lea County and the Permian Basin.

414 E Arco Rd, Hobbs

Listing courtesy of Found Real Estate.

$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

Listing courtesy of United Realty, LLC - Hobbs.