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    Bloomfield Commercial Office/Medical Space Title is generated by Realmo AI

    100 N CHURCH Street, Bloomfield, NM 87413

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    For Sale
    $450,000

    COMMERCIAL - Bloomfield, NM

    Property size:
    3,935 SF
    Price / SF:
    $114/SF
    Added:
    Apr 17, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 1 at 10:06 pm

    Property Features for 100 N CHURCH Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,935 SF

    Taxes and HOA fees

    Tax Description
    WADE GRANDVIEW SUBDIVISION PART OF LOTS 9 AND 10 BLOCK 2 BEG AT A POINT WHICH BEARS S0-25W 56 FT FROM NE CORNER OF LOT 1
    Tax Annual Amount
    5117

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Sam Todd

    Listing agent Sam Todd License #15098

    Listing office RE/MAX of Farmington 108 N Orchard Ave. Ste 101, Farmington, NM

    Listing date Apr 17, 2026

    MLS# 26-421

    Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent Value: At $114 per sqft for nearly 4,000 sqft of commercial space.
    • Versatile Space: Suitable for medical, professional office, or multiple tenants.
    • Dual Entrance & Multiple Rooms: Features a dual entrance waiting room, 6 exam rooms, 3 offices, procedure room, and X‑ray room.
    • Ample Amenities: Includes 5 restrooms, break room, and storage areas.
    • Water Heavy: Equipped with multiple sinks and break rooms, offering plumbing versatility.
    • Pre‑Inspected: Ready for immediate occupancy and new ownership.

    Overview

    This nearly 4,000 square foot commercial office or medical space is available for purchase. The property features a dual entrance waiting room with a reception area, six exam rooms, and three spacious offices. It also includes a procedure room with exterior access, a break room, and an X-ray room. Additional storage areas and five restrooms are available for public and staff use. The building is equipped with refrigerated central cooling and a propanel metal roof. Situated on a corner lot, the property offers asphalt parking. The building's water-heavy design provides versatility with sinks and break rooms. Located in Bloomfield, New Mexico, the property is zoned for general commercial use and could accommodate multiple tenants. The property presents an excellent investment opportunity.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $58.6k $14.88
    − Vacancy −$11.7k −$2.98
    EGI $46.8k $11.90
    − OpEx −$11.7k −$2.98
    NOI $35.1k $8.93
    3,935 SF · lease $14.88/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $501.9K
    $439.2K – $585.5K (±1% cap)
    NOI $35,132 @ 7.0% cap · market cap 7.81%
    Second Best
    Healthcare Medical
    $444.1K
    $388.6K – $518.1K (±1% cap)
    NOI $31,085 @ 7.0% cap · market cap 6.91%
    Theoretical Best
    Office A
    $814.0K
    $712.3K – $949.7K (±1% cap)
    NOI $56,983 @ 7.0% cap · market cap 12.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.992323
    Latitude
    36.711881

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    FAQs

    What type of property is this?
    Medical Office Space - Nearly 4,000 sqft medical/professional office for sale.
    Where is this medical office space located?
    The property is located at 100 N CHURCH Street Bloomfield, NM.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Excellent Value: At $114 per sqft for nearly 4,000 sqft of commercial space.; Versatile Space: Suitable for medical, professional office, or multiple tenants.; Dual Entrance & Multiple Rooms: Features a dual entrance waiting room, 6 exam rooms, 3 offices, procedure room, and X‑ray room.
    (505) 327-4777
    We can help!
    Listing Contact
    Sam Todd
    Real Estate License ID: 15098
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    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
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