Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Richard Buffington, Farmington, NM

    License ID: REC20240710
    San Juan Realty
    Association
    San Juan County Board Of Realtors Inc

    Contact details

    Phone:
    (505) 327-4837
    Office Address:
    79 Cr 2390, Aztec, NM, 87410

    Performance

    Listings
    13

    Listings

    For Sale (13)

    View map
    • $2,900,000
      16,498 SF

      Modern Multi-Use Commercial Building

      Upscale commercial property with high-income tenant and expansion potential.
      2050 Knudsen Ave, Farmington, NM 87401
      View Details
    • $100,000
      1.00 Acre

      Residential Land in Farmington, NM

      One-acre residential lot with utilities available, no HOA.
      Silver Maple Ct, Farmington, NM 87402
      View Details
    • $100,000
      1.00 Acre

      Farmington Land Parcel For Sale

      Spacious land parcel in Farmington, NM, ideal for building.
      Silver Maple Ct, Farmington, NM 87402
      View Details
    • $100,000
      1.00 Acre

      Residential Land in Farmington, NM

      One-acre residential lot with utilities available, no HOA.
      Silver Maple Ct, Farmington, NM 87402
      View Details
    • $626,750
      6,184 SF

      Versatile Commercial Building on Aztec Blvd

      6,184 sq ft commercial property with high visibility and accessibility.
      1607 W Aztec Blvd, Aztec, NM 87410
      View Details
    • $258,750
      Pending

      Land in Flora Vista, NM

      5-acre land in Flora Vista, NM with irrigation rights.
      Road 3500, Flora Vista, NM 87415
      View Details
    • $91,300
      22.84 Acres

      Expansive Land in Aztec, NM

      22.48-acre property ideal for building, ranching, or investment.
      Nm 574, Aztec, NM 87410
      View Details
    • $180,000
      1.18 Acres

      Farmington Commercial Lot by Riverwalk

      1.18-acre commercial lot with business possibilities near Animas River.
      760 S Miller Ave, Farmington, NM 87401
      View Details
    • $45,000
      1.75 Acres

      La Plata Land Parcel

      1.75 acre residential lot in La Plata, New Mexico.
      Xx 3 Rd 1191, La Plata, NM 87418
      View Details
    • $45,000
      1.37 Acres

      La Plata Land Tract

      1.37 acre tract near utilities, suitable for site-built home.
      Xx 2 Rd 1191, La Plata, NM 87418
      View Details
    • $45,000
      1.75 Acres

      Residential Lot in La Plata

      1.75 acre residential building lot with views near Farmington.
      1 Xa Rd 1191, La Plata, NM 87418
      View Details
    • $260,000
      5.00 Acres

      Versatile 5-Acre Property in Aztec

      5-acre property with six lots, utilities, and mobile home.
      46-48A Road 2598, Aztec, NM 87410
      View Details
    • $110,000
      4.75 Acres

      Land Parcel in La Plata

      4.75 acres of residential land for sale in La Plata.
      Xx 1 Rd 1191, La Plata, NM 87418
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Richard Buffington, Farmington, NM
    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.

    Send Message to
    Richard Buffington, Farmington, NM
    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

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    (505) 327-4837
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!