Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings
    (970) 660-5323
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (31)

    View map
    Remodeled Commercial Building on Two Lots
    $309,000
    1,890 SF

    Remodeled Commercial Building on Two Lots

    Remodeled commercial building with expansion potential in the heart of Farmington.

    1218 Schofield Ln, Farmington, NM 87401
    View details
    Navajo Dam Residential Land
    Contact for pricing
    2.43 Acres

    Navajo Dam Residential Land

    2.43-acre lot near Navajo Lake with breathtaking views.

    76 Nm 511, Navajo Dam, NM 87419
    View details
    Versatile Industrial Property with Fueling
    $1,750,000
    18,314 SF

    Versatile Industrial Property with Fueling

    9.25-acre industrial property with office, warehouse, and mechanic shop.

    3030 La Plata Hwy, Farmington, NM 87401
    View details
    Residential Land in San Juan
    $65,000
    0.37 Acres

    Residential Land in San Juan

    Residential land for sale in San Juan Country Club.

    6449 Castle Rock Cir, Farmington, NM 87402
    View details
    Farmington Commercial Land For Sale
    $725,000
    8.40 Acres

    Farmington Commercial Land For Sale

    8.4 acres of fenced commercial land in high-traffic area.

    3300 Southside River Rd, Farmington, NM 87401
    View details
    Farmington Residential Lot with Views
    $200,000
    1.58 Acres

    Farmington Residential Lot with Views

    1.58-acre lot in gated community with mountain and canyon views.

    5836 Vista Grande Dr, Farmington, NM 87401
    View details
    Residential Land in Aztec, NM
    $49,900
    4.90 Acres

    Residential Land in Aztec, NM

    4.9 acre parcel with potential for quiet country living.

    Xx Rd 3179, Aztec, NM 87410
    View details
    Land For Sale Farmington, NM
    $199,999

    Land For Sale Farmington, NM

    Four parcels of land available in Farmington, New Mexico.

    Xx Rd 3720, Farmington, NM 87401
    View details
    Farmington Land Parcel For Sale
    $169,999
    15.00 Acres

    Farmington Land Parcel For Sale

    15 acres of land bordering commercial and residential properties.

    Xx Rd 3718, Farmington, NM 87401
    View details
    Farmington Land with Southern Views
    $299,999
    25.00 Acres

    Farmington Land with Southern Views

    25 acres of land with owner financing and views.

    Xxx Rd 3720, Farmington, NM 87401
    View details
    Farmington Corner Lot Land Parcel
    $199,999
    16.03 Acres

    Farmington Corner Lot Land Parcel

    16+ acre corner lot with utilities nearby in Farmington.

    X Rd 3720, Farmington, NM 87401
    View details
    Land Parcel in Aztec, NM
    $367,500
    24.50 Acres

    Land Parcel in Aztec, NM

    24+ acre parcel with potential for country living.

    X Rd 3179, Aztec, NM 87410
    View details
    Commercial Frontage Land Parcel
    $120,000
    0.75 Acres

    Commercial Frontage Land Parcel

    Level 0.75 acre commercial land with utilities bordering property.

    920 Nm 516, Flora Vista, NM 87415
    View details
    Residential Land in San Juan Country
    $135,000
    0.68 Acres

    Residential Land in San Juan Country

    Residential land for sale in Farmington, NM, San Juan Country.

    6600 Big Cedar Rd, Farmington, NM 87402
    View details
    Residential Land in San Juan
    $85,000
    0.70 Acres

    Residential Land in San Juan

    Residential land for sale in San Juan Country Club.

    6467 Castle Rock Cir, Farmington, NM 87402
    View details
    Residential Land in San Juan
    $85,000
    0.64 Acres

    Residential Land in San Juan

    Residential land for sale in San Juan Country Club.

    6459 Castle Rock Cir, Farmington, NM 87402
    View details
    Residential Land in San Juan
    $85,000
    0.60 Acres

    Residential Land in San Juan

    Residential land for sale in San Juan Country Club.

    6463 Castle Rock Cir, Farmington, NM 87402
    View details
    Residential Land in San Juan
    $75,000
    0.41 Acres

    Residential Land in San Juan

    Residential land for sale in San Juan Country Club.

    6425 Club House Dr, Farmington, NM 87402
    View details
    Farmington Multifamily Development Opportunity
    $350,000
    5.47 Acres

    Farmington Multifamily Development Opportunity

    5.47 acres zoned for multifamily development in Farmington, NM.

    1305 S Carlton Ave, Farmington, NM 87401
    View details
    Residential Land in San Juan Country
    $65,000
    0.50 Acres

    Residential Land in San Juan Country

    Residential land for sale in San Juan Country Club.

    6412 Hawk Eye St, Farmington, NM 87402
    View details
    Farmington Industrial Land For Sale
    $725,000
    58.89 Acres

    Farmington Industrial Land For Sale

    60 acres of developable industrial land within Farmington city limits.

    Xxxx Andrea Dr, Farmington, NM 87402
    View details
    Bloomfield Land For Sale
    $94,888
    31.80 Acres

    Bloomfield Land For Sale

    31.8 acres of land near Bloomfield, New Mexico.

    Xx Cemetery Rd, Bloomfield, NM 87413
    View details
    Residential Land in Flora Vista
    $120,000
    0.84 Acres

    Residential Land in Flora Vista

    0.84 acre residential land parcel in Flora Vista, New Mexico.

    3 Rd 3435, Flora Vista, NM 87415
    View details
    Farmington Retail Building and Land
    $324,888
    1,960 SF

    Farmington Retail Building and Land

    Retail building with parking, priced affordably in Farmington, NM.

    4002 E Main St, Farmington, NM 87402
    View details
    Half Acre Mobile Home Lot
    Contact for pricing
    0.50 Acres

    Half Acre Mobile Home Lot

    Partially wooded half acre lot with natural gas available.

    Nya Rd 3260, Aztec, NM 87410
    View details
    Aztec Land with Riverfrontage
    $1,250,000
    20.35 Acres

    Aztec Land with Riverfrontage

    20.35-acre land with river and highway frontage in Aztec, NM.

    351 W Aztec Blvd, Aztec, NM 87410
    View details
    Commercial Land For Sale
    Contact for pricing

    Commercial Land For Sale

    Prime commercial land with excellent visibility and accessibility.

    4951 N Butler Ave, Farmington, NM 87401
    View details
    Commercial Land in Farmington, NM
    Contact for pricing

    Commercial Land in Farmington, NM

    Unimproved commercial land for sale in a prime location.

    4951 N Butler Ave, Farmington, NM 87401
    View details
    Commercial Land at Signalized Intersection
    Contact for pricing
    1,952 SF

    Commercial Land at Signalized Intersection

    Commercial land for sale or lease at Murray Drive.

    1050 E Murray Dr, Farmington, NM 87401
    View details
    Land Near Downtown Bloomfield
    Contact for pricing

    Land Near Downtown Bloomfield

    Land suitable for a project near downtown Bloomfield.

    Xx Cemetery Rd, Bloomfield, NM 87413
    View details
    8.4 Acres Commercial Land
    $725,000

    8.4 Acres Commercial Land

    8.4 acres of fenced commercial land in high-traffic area.

    3300 Southside River Rd, Farmington, NM 87401
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Coldwell Banker Cornerstone Realty
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Coldwell Banker Cornerstone Realty
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!