For sale

$2,500,000

713 W Kara St, Hobbs, NM 88242

4beds

2,226sqft

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Mixed Use

Built in 1980

4.47 Acres Lot

$-- Zestimate^®

$1,123/sqft

$-- HOA

What's special

New wiringBeautiful backyard

Turnkey opportunity to acquire a multi-parcel, income-capable property in Hobbs. This offering includes four separate parcels totaling approximately 4.47 acres. Here you will find a commercial building; 5206 N Grimes St. for a business and 713 W Kara St. a 4 bedroom, 2 bathroom residential property. Property highlights include: • 20+ kennels • Right off a main road for easy access and visibility • 2 brand new AC units • New wiring • Large 4-bedroom, 2-bath home with a beautiful backyard • Large barn behind the house with 10 covered stalls • Second barn with 8 attached stalls • 2 large riding arenas • 2 horse turnouts • Greenhouse • Multiple fenced yards for dogs or livestock. Opportunities like this combining land, infrastructure, and multiple parcels are rare in this market. Call today to schedule a tour!

36 days

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Free-Standing Range

Features

Flooring: Tile, Wood
Number of fireplaces: 1

Interior area

Total structure area: 2,226
Total interior livable area: 2,226 sqft

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Levels: One
Stories: 1
Exterior features: Dog Run
Fencing: Fenced

Lot

Size: 4.47 Acres
Features: Irregular Lot

Details

Additional structures: Barn(s), Shed(s), Greenhouse
Parcel number: 4000777680001

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Mixed Use

Materials

Brick
Roof: Metal

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Septic Tank
Water: Domestic Well
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Audio/Video Surveillance

HOA

Has HOA: No

Location

Region: Hobbs

Financial & listing details

Price per square foot: $1,123/sqft
Tax assessed value: $194,835
Annual tax amount: $3,351
Date on market: 5/19/2026
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/19/2026	Listed for sale	$2,500,000$1,123/sqft
Source: New Mexico MLS #20262947 Report a problem
3/14/2018	Sold	--
Source: Agent Provided Report a problem
1/12/2018	Listing removed	$1,500$1/sqft
Source: Empire Real Estate Group Report a problem
12/12/2017	Listed for rent	$1,500$1/sqft
Source: Empire Real Estate Group Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,245 +0.8%	$125,099 +1.5%
2024	$3,219 +2.9%	$123,208 +3.5%
2023	$3,129 +2.8%	$119,060 +1.1%
2022	$3,043 +0.4%	$117,709 +0.3%
2021	$3,032 +2.4%	$117,406 +91.8%
2020	$2,962 +3.1%	$61,217
2019	$2,873 +71.3%	$61,217 -10.6%
2018	$1,677 -16.1%	$68,481 -65.8%
2017	$2,000 +25.4%	$199,983 +1.7%
2016	$1,595	$196,734 +1.6%
2015	$1,595	$193,629
2014	--	--

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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