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$545,000
3 Beds 2 Baths 20264202 MLS
Amazing custom-built country home that offers beauty and functionality + horse facilities and 30'x40' insulated metal shop building with overhead door and electricity...all situated on 1.25 acres north of Hobbs in the College Lane Elementary/Del Norte Middle School districts. Built in 2019, this desirable property also boasts a front sprinkler system and turf in the back yard with 5 mature trees and plenty of covered porch and patio space for comfortable outdoor enjoyment. Perimeter fencing is metal, wood and wire. All rooms are oversized with 10/11/16 foot ceilings; recessed lighting and 8' doors are among the many additional attributes along with his/her closets with built-in dressers, a Roman shower with two separate shower controls/6 shower heads, a large soaking tub, urinals in both bathrooms, a large basin wash tub in the laundry room, spacious kitchen pantry, and an attic space with a pull-down stair accessible from "his" closet. Primary ensuite and common areas have separate HVAC controls. Whirlpool kitchen appliances (gas stove) are included. This is a "must see" for those wanting country living at its best!!!

8501 N Matt Drive Dr, Hobbs

$2,200,000
4 Beds 3 Baths 20261020 MLS
Beautiful ranch style home with 3 car garage & 1 pass through, pool with slide & hot tub large covered patio with electric screens for the summer weather, large shop/guest quarters appx 65 x 40 with appx 850 +/- heated & cooled area and a large 3/4 bathroom, 10 x 55 storage with garage door & 40 x 30 garage with 3-10' garage doors on its own septic. Flier with more details provided in Associated Docs. Home is beautiful with unique treatments on various walls & ceilings throughout. Open floor plan spotlighting a large kitchen and dining space with an island/bar area, double ovens w/warmer, gas stove top, new hood and soft close cabinets looking onto a huge family room complete with a fireplace. (large chandeliers pictured will not remain) Large main bedroom suite area has a vaulted ceiling , electric fireplace with blower and a walk in closet with extra built ins. The main bath area has a stand alone copper tub with a feature wall & chandelier on the opposite side is an enclosed rock finish shower with a rain shower head an electronic steam sauna. Double sink vanity with vessel sinks on top of granite with a full lighted mirror. Amazing butler pantry that is SO large a bar table even fits, cold water sink, freezer/fridge combo, wine fridge, ice maker, lazy susans & special pull outs for storage or liquor. sliding barn door leads to a Huge mud room with an island & multiple wall coveys and a large 3/4 bathroom and extra large closet for coats, caps, hats & muddy boots! Mud room leads to back home or 3 car garage with center section drive through. 3 large bedrooms are located on the other side of the home with a bathroom and double sinks with lots of storage. Just outside the office/den area are large windows looking out onto the patio & pool area. Covered patio with electric shades to block out the hot NM sun all looking overlooking an appx 45 x 20 pool/hot tub combo with a slide, diving board, electric pool cover and waterfall fountains into pool. Back yard has a gazebo for setting up your cookers and on the other side a firepit. Just to the back of the home & pool is a large shop building 3-10' overhead garage door combo. appx 850 +/- heated & cooled area currently used for a weight room with a huge fan & large bathroom & shower. Just to the back of garage section is a 10 x 55 storage area with another garage door. Shop building is on it's own septic. This could be a great guest quarters or media/man cave. On the West side of this incredible shop is a basketball/pickle ball court! This property is to be sold with the adjoining Farm appx 140.41 acres with wtr rights, 2 big barns, 2 lighted arenas, 2 horse walkers, pivot and 50 acres of Giant Bermuda and 50 acres of Wheat. Both properties are currently going through a one time exemption which will alter current sizes however both will still total 145.41 acres together. Listing Brokers have well & Septic permits to provide upon contract. 10 acres to the SE of property with home, barn & stalls may be purchased separately. MLS # 20261018 FARM/Ranch listing to be sold together with this listing. Just ask for more information.

3410 E Rose Rd, Hobbs

$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

$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

$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

$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

$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

$400,000
20260561 MLS
20 acre land opportunity near Hobbs, New Mexico, offering a combination of development potential, water rights, and existing agricultural utility. Offered at $400,000, the property provides an attractive basis of approximately $20,000 per acre. The property includes water rights and a high-capacity irrigation well, providing valuable existing infrastructure and flexibility for continued agricultural use or future development. With approximately 20 acres of contiguous land, the property offers potential for residential subdivision, larger residential lots, or other permitted uses subject to applicable approvals and development requirements. Access is available from Cope Place and Yuciapa, providing connectivity to the surrounding area and nearby Hobbs market. For buyers seeking a larger project, the adjacent 126 acre tract is also available for purchase, creating the potential to assemble approximately 146 contiguous acres. The combined properties offer a significant opportunity for a larger residential development, ranch, agricultural operation, or long-term land investment. Property is owned by the selling broker.

100 E Cope Pl, Hobbs