Portable Drive-Through
For Sale
Contact for pricing
2119 E 20TH Street, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size160 SF
Price / SF$125
Days on Market251
Property Features for 2119 E 20TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Directions
20th St. Across from Porters restaurant.
Subdivision
6I
Standard status
Active
Size
160 SF
Taxes and HOA fees
Tax Description
NONE, BUSINESS ONLY
Legal Description
NONE, BUSINESS ONLY
Utilities
Cooling system
Window Unit(s)
Building Details
Floors in Building
1
Listing Agency:
Real Estate PROS
(505) 588-7767
Listed By:
Brandon Ryan · License #50702
(505) 588-7767
Added: Dec 23, 2025
Changed: Aug 19
Last Checked: Aug 31 at 11:06AM
MLS# 25-1582
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.
Investment Insights
Based on property information with market context.
This business-only offering includes a portable 160-square-foot building configured for a small drive-through restaurant. The structure is equipped for restaurant operations and includes window-unit cooling. It can operate using city power or a generator, providing flexibility for continued use or a new concept.
The property is located at 2119 E 20TH Street in Farmington, New Mexico. The building was formerly associated with Glazed, and the owner will include the recipes used during that operation if desired.
The property is located at 2119 E 20TH Street in Farmington, New Mexico. The building was formerly associated with Glazed, and the owner will include the recipes used during that operation if desired.
Key Highlights
- Portable 160‑square‑foot building configured for a drive‑through restaurant
- Restaurant equipment is included for a small drive‑through operation
- Can run on city power or a generator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,660
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$33,200
$33.2K
Cap Rate 7%
$23,714
$23.7K
Cap Rate 9%
$18,444
$18.4K
Market Conditions
NOI Build-Up for 160 SF
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.
Gross rent
$2.4K $14.76/SF
− Vacancy
−$149 −$0.93/SF
EGI
$2.2K $13.83/SF
− OpEx
−$553 −$3.46/SF
NOI
$1.7K $10.37/SF
Area
San Juan County, NM
Vacancy
6.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$33,200
Cap Rate 7%
$23,714
Cap Rate 9%
$18,444
Alternative Uses
Best Use
Specialty Retail
$23.7K
$20.8K – $27.7K
NOI $1,660 @ 7.0% cap · market cap 8.30%
Second Best
Industrial
$14.0K
$12.3K – $16.4K
NOI $982 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$33.1K
$29.0K – $38.6K
NOI $2,317 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 38%
Apparel 11%
Home Improvements & Furnishings 1%
Mister Car Wash
Shops & Services
20,153 visits/mo
0.4 miles
SONIC Drive In
Dining
17,438 visits/mo
0.4 miles
Speedway
Shops & Services
12,644 visits/mo
0.4 miles
Goodwill
Apparel
8,703 visits/mo
0.5 miles
Little Caesars Pizza
Dining
6,677 visits/mo
0.5 miles
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Equipped portable building supports operation with city power or a generator.
Where is this drive through restaurant located?
The property is located at 2119 E 20TH Street Farmington, NM.
What are key features of this property?
This property features: Portable 160‑square‑foot building configured for a drive‑through restaurant; Restaurant equipment is included for a small drive‑through operation; Can run on city power or a generator
